How is it useless? It's exactly the same as the plan you were on at your company.
(Source: was on COBRA for the past 18 months, was annoyed that it ran out. Equivalent plans on my ACA exchange cost significantly more.)
(Source: was on COBRA for the past 18 months, was annoyed that it ran out. Equivalent plans on my ACA exchange cost significantly more.)
I suspect for the average American the math goes the other way.
Source: Tried COBRA many times in the past decade (lots of startups) and it was never worth it. I wish health insurance wasn't tied to employers at all.