BizSugar.com › Employee Benefits › New Law Boosts Employee Benefits Cost for Some Business

The Obama administration's February 2009 economic stimulus legislation has increased the employee benefits costs for businesses that are now expected to foot a larger portion of the bill for employees who no longer work for them due to layoffs. According to Entrepreneur.com, federally mandated health care coverage for laid-off employees through the Consolidated Omnibus Budget Reconciliation Act or COBRA will now cost former employers much more (about 65 percent of the total bill) Entrepreneur reports. Read the full story here: