Obama’s insurance proposal for unemployed individuals

Barack Obama
FILE - In this Dec. 12, 2015 file photo, President Barack Obama speaks in the Cabinet Room of the White House in Washington. The president on Saturday, Jan. 16, 2016, proposed a set of changes to the U.S. unemployment insurance system that he says would offer more security to out-of-work Americans and encourage experienced workers to rejoin the workforce, even if it means taking a pay cut. (AP Photo/Jacquelyn Martin, File)

WASHINGTON, D.C. (NEWS10) — President Barack Obama has proposed a new insurance plan for the unemployed.

Obama is calling it a set of changes that will give greater security to out-of-work Americans and encourage more people to rejoin the workforce.

The plan would expand coverage to many part-time and low-income workers and expand wage insurance programs, aiming to soften the transition for people who take lower-paying jobs.

The insurance would replace half of the lost income, up to $10,000 over two years. It would be available to workers who were with their prior employer for three years and will be making less than $50,000 in their new job.

Obama also wants to require states to provide at least 26 weeks of unemployment insurance.

Nine states fall short of the benchmark.

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