COBRA meaning in Law ?

Answer:

What is Consolidated Omnibus Budget Reconciliation Act of 1985 mean?

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is a law passed by the U.S. Congress on a reconciliation basis and signed by President Ronald Reagan that, among other things, mandates an insurance program which gives some employees the ability to continue health insurance coverage after leaving employment. COBRA includes amendments to the Employee Retirement Income Security Act of 1974 (ERISA). The law deals with a great variety of subjects, such as tobacco price supports, railroads, private pension plans, emergency department treatment, disability insurance, and the postal service, but it is perhaps best known for Title X, which amends the Internal Revenue Code and the Public Health Service Act to deny income tax deductions to employers (generally those with 20 or more full-time equivalent employees) for contributions to a group health plan unless such plan meets certain continuing coverage requirements. The violation for failing to meet those criteria was subsequently changed to an excise tax.

Although this statute became law on April 7, 1986, its official name is the Consolidated Omnibus Budget Reconciliation Act of 1985 (Pub.L. 99–272, 100 Stat. 82). Because of the discrepancy between the official name of the Act and the year in which it was enacted, some government publications refer to the Act as the Consolidated Omnibus Budget Reconciliation Act of 1986.

reference

Full Form	Category
Covert Ops Bloon Response Agent	Business
Cantankerous Ole Boys Restauranting Around	Community
Controlled Boosting for Rapid Response Applications	Computer Hardware
Computer Optimized Batch Reconciliation Application	Computing
Common Open Brokerage Architecture	Computing
Corporate Brand and Reputation Analysis	Computing
Computer Brasov	Computing
COmfortable BRAssiere	General
Covert Operational Bureaucratic Revolutionary Army	General
Cabinet Office briefing room A and	General
Combat Objective battle Ready Application	General
Copper Brazed	General
Covert Organized Bait Recovery Apprehension	General
Comprehensive Overall Budget Reconciliation Act	Governmental
Cabinet Office Briefing Room A	Governmental
Consolidated Omnibus Budge Reconciliation Act	Governmental
Consolidated Omnibus Budget Reconciliation Act of 1985	Law
Consolidated Omnibus Budget Reconciliation Act	Military and Defence
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Coastal Battlefield Reconnaissance and Analysis	Military and Defence
Co-optimized Booster for Reusable Applications	Space Science
Combined Old Boys Rugby Association	Sports
Currency Options Bring Reward Alternatives	Stock Exchange