The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) is designed to prevent fraud and other abuses associated with private pension funds.

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COBRA is not related to preventing fraud and abuses in private pension funds. It allows individuals to continue their health insurance coverage for a limited period of time after certain qualifying events, such as job loss or divorce, that would otherwise cause them to lose their coverage.

The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) Is