COBRA is so expensive for people that extending it without a subsidy will not be very helpful. My COBRA for a family of two is now nearly $1200 a month.
Wouldn't this help in someways though?
You are right in that cobra is expensive but at least a person can get the coverage without being kicked out for past health problems. I also hope and think a retiree might not get as many monthly cost increases. Since the rates would be tied to the employers plan and not an individuals. I'm being told my state related AHIP plan would cost as much or maybe more than what you quote here and the odds of the rate being increased yearly are high.
Steve