The following article by Emily C. Singer was posted on the mic.com website January 11, 2018:
Funding the Children’s Health Insurance Program for 10 years could actually save the government money, the nonpartisan Congressional Budget Office said in a report published Thursday — a factoid that supporters of soon-to-expire program are sure to use as they lobby for its reauthorization.
Funding the program — which provides health insurance to nearly 9 million children from low-income families — for 10 years would save the federal government $6 billion, according to the CBO’s report.
Funding CHIP is cheaper than moving the covered children to other coverage options, including Medicaid and through subsidized plans in the Affordable Care Act marketplace, according to the CBO.
Funding for CHIP expired more than 100 days ago, after Congress failed to reauthorize the program.
Today marks 100 days since Congress let the Children’s Health Insurance Program expire.
Let me say that again: health care for 9 million children has hung in the balance for 100 days.
We must do better than this.
In December, Congress passed short-term funding for the program — injecting it with $3 billion through March 2018. But Congress is currently debating long-term funding options. Senate Majority Leader Mitch McConnell suggested a five-year reauthorization.
I know that colleagues on both sides of the aisle are eager to find a long-term solution for the Children’s Health Insurance Program. Five years, full reauthorization. Let’s get this done for working families.
Democrats are likely to push for a 10-year reauthorization, particularly after the CBO report said extending the program for longer actually saves the government money.
BIG news: extending #CHIP for 10 years would SAVE $6 billion dollars. With this news, securing kids’ health care for the long-term should be a no-brainer.
“BIG news: extending #CHIP for 10 years would SAVE $6 billion dollars,” Sen. Ron Wyden (D-Ore.) tweeted Wednesday. “With this news, securing kids’ health care for the long-term should be a no-brainer.”