[notch656c]

That would explain why COBRA is so insanely expensive.... No one is buying it unless they retroactively needed it and thus the risk pool is sky high

[sgerenser]

No, that’s not it. The cost is sky high because its the price that your employer, plus you normally pay. At tech companies in particular where the employer usually picks up 90-100% of the cost, it makes COBRA look crazy expensive when you suddenly have to pay 100% instead of 10%.

[notch656c]

I believe it; but is interesting in the context that I have purchased ACA plans on the open market comparable to my company insurance, and they were far far below the cobra price. For reference a basically identical ACA healthcare.gov plan I bought for ~1k when COBRA charged something around $3k.

[notfromhere]

ACA is subsidized, COBRA is not. That's where the huge price difference comes from.

[notch656c]

I was paying the full unsubsidized rate. Not the one for the poors where you earn less than X and you get a deal where taxes pay for part of it.