Private Employers Forced to Downsize Are Required to Provide COBRA

question 29

Essay

Private employers forced to downsize are required to provide COBRA coverage, and some firms offer dismissed employees severance pay. How do employers benefit from providing severance pay to dismissed employees? How do employees benefit from COBRA?

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Definitions:

Mirror Neurons

Neurons that fire both when an individual acts and when the individual observes the same action performed by another, thought to play a role in understanding others' actions and intentions.

Cell Membranes

The semipermeable membrane surrounding the cytoplasm of a cell, which regulates the passage of substances in and out of the cell.

Adrenal Glands

Endocrine glands located above the kidneys that produce a variety of hormones including adrenaline and cortisol.

Epinephrine

A hormone also known as adrenaline that is secreted by the adrenal glands and increases heart rate, muscle strength, blood pressure, and sugar metabolism.