Extending CHIP Would Actually Save Taxpayers Money: CBO

Extending CHIP Would Actually Save Taxpayers Money: CBO

Jones became the 24 co-sponsor of the bill, the Keep Kids' Insurance Dependable and Secure (KIDS) Act of 2017. Legislators must act to fund CHIP by the end of January or many states will run out of funding for the program that serves 9 million children. Authorization expired in September, and so far states have kept CHIP going with unspent funds carried over from previous appropriations.

Since 1997, CHIP has provided healthcare to millions of Americans and helped to drastically reduce the uninsured rate of children. "To let our Congress people know that it's time that the program is renewed and that we're standing up for children and families in our city", said Dr. In December, Congress passed a $2.85 billion "patch", meant to provide supplemental cash to the program as Congress continues to weigh plans for long-term funding.

A new Congressional Budget Office report shows that extending the Children's Health Insurance Program for 10 years, rather than the proposed five, would save the federal government $6 billion. His committee has jurisdiction over the health program's budget.

"With all of their policies that have driven up premium costs in the individual market, not just the mandate repeal but also cutting cost-sharing reduction payments, they made CHIP even more of a bargain than it already was", Joan Alker, the executive director of Georgetown University's Center for Children and Families, told TPM.

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"Extending funding for CHIP for 10 years yields net savings to the federal government because the federal costs of the alternatives to providing coverage through CHIP (primarily Medicaid, subsidized coverage in the marketplaces, and employment-based insurance) are larger than the costs of providing coverage through CHIP during that period", the nonpartisan budget agency writes.

Eleven states are expected to run through their remaining federal funds before the end of February: Arizona, Connecticut, Florida, Hawaii, Louisiana, Minnesota, Nevada, New York, Ohio, Washington State and Washington, DC.

CHIP needs to regain long-term funding.

Alabama and Utah are among several states unsure how long their federal CHIP funding will last, according to interviews with state officials. She can't afford private coverage for her two children on her dental hygienist pay. It works to safeguard the health of children, and long has enjoyed bipartisan support. The group practice hasn't changed any scheduling for CHIP patients, but he said "families are terrified" about the coverage disappearing. "They seem so cavalier about it", she said. Murkowski said health care costs should be a priority.