Submitted by Guest999 (not verified) on Fri, 04/17/2009 - 7:44pm.
The employer pays 65%, and the government REIMBURSES the employer through a tax credit. Meaning, there is no net cost to the employer. It really is just another government handout.
Here is a link to the US Department of Labor.
http://www.dol.gov/ebsa/cobra.html
The Facts Are Straight