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Article Title: Congress Decides To Extend Jobless Benefits Deadline
Author: Huey Harden
Category: Politics
Word Count: 465
Keywords: health insurance, health care, barack obama, government health care, 
democrats, republicans
Author's Email Address: [email protected]
Article Source: http://www.distributeyourarticles.com
------------------ ARTICLE START ------------------

US Lawmakers voted April 15 to roll forward the last day for unemployed workers 
to file for extended jobless benefits till June 2, a law President Obama 
immediately signed into law.

This bill will restore federal jobless benefits to over 200,000 jobless 
Americans who would have been ineligible for them starting April 5.

Before the amendment, federal unemployment benefits, which last up to 73 weeks, 
commence after 26 weeks of initial coverage expire. Benefits are divided into 
tiers, and jobless applicants must apply for these benefits each time they move 
into a new level.

The amendment extends several provisions until  the end of May, including: 
COBRA health insurance; the National Flood Insurance Program and the copyright 
license for providers of satellite television. Significantly, it will prevent 
the reduction of 21% in Medicare payment rates for doctors from kicking in 
until May 31.

Republicans in the Senate have resisted extending unemployment benefits, saying 
the benefit must be paid for, though this bill has enjoyed a lot of support 
from both sides.

In the United States, about over 11 million people are receiving unemployment 
benefits, with about 6 million of them enjoying extended benefits.

Though the US economy is expected to slowly improve, the unemployment rate 
still remains at 9.7%, and the projected average unemployment period for an 
unemployed worker in America is 31.2 weeks.

Previously, the state had already passed two short-term extensions of the 
filing deadline since late December. Furthermore, both House and Senate 
committees also have passed bills that is pushing back the deadline to file for 
extended benefits until later in the year, but those measures need to be 
reconciled.

However, there is a problem.

Currently, of the 50 states, about 33 states and the US Virgin Islands have 
already used up their unemployment benefits funds and are forced to borrow from 
the Federal government to the tune of a whopping $38.7 billion to provide a 
temporary safety net to millions of jobless claimants.

States are going as far as cutting as much extraneous services as they can to 
keep afloat. From unnecessary entertainment to transport services, these 
cash-strapped cities are eliminating all kinds of services to save money.

Among all states, California has borrowed the most from the government, summing 
up to more than $8.4 billion, followed by Michigan and New York, which have 
loans worth more than $3 billion. Nine other states have borrowed at least $1 
billion from the federal government.

"The nation's financing system for jobless benefits is under unprecedented 
stress," said Andrew Stettner, deputy director of the New York-based advocacy 
group for the unemployed. "While the recession has certainly made things worse, 
this funding crisis has been developing for years."

For perspective, before the recession, only 19 states have met the recommended 
funding level, which is one year of reserves equal to the highest amount of 
unemployment insurance paid out during prior recessions.

Huey Harden is your typical guy from Maine who's fired up and well on his way 
to developing multiple income streams online.
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------------------ ARTICLE END ------------------



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