Update from the CHIP Coalition:
"Negotiations are ongoing in Congress on a long-term extension of CHIP funding. Politico reports that policymakers are considering whether CHIP funding should be extended for five, six, or even ten years. The Congressional Budget Office (CBO) last week released a new score for the bipartisan proposal for a five-year extension of CHIP funding, estimating that the proposal would cost $800 million rather than $8.2 billion. Yesterday, CBO released an estimate of the cost of extending CHIP funding for ten years, and found that a ten-year extension would be projected to save $6 billion. These savings are due to recent federal regulatory and legislative changes to health insurance policy, including the elimination of the individual mandate requirement to have health insurance if an affordable option is available to you, that were included in the Republican-backed tax bill that passed Congress late last year.
The vehicle through which CHIP funding could be extended also continues to be under discussion. CHIP could be included in another continuing resolution (CR) to keep the government funded after January 19, when the current CR expires. And the Chairman of the U.S. House Energy and Commerce Committee (Rep. Walden, R-Ore.) stated that he may bring a standalone proposal to extend CHIP funding for six years to the House floor next week."
"Negotiations are ongoing in Congress on a long-term extension of CHIP funding. Politico reports that policymakers are considering whether CHIP funding should be extended for five, six, or even ten years. The Congressional Budget Office (CBO) last week released a new score for the bipartisan proposal for a five-year extension of CHIP funding, estimating that the proposal would cost $800 million rather than $8.2 billion. Yesterday, CBO released an estimate of the cost of extending CHIP funding for ten years, and found that a ten-year extension would be projected to save $6 billion. These savings are due to recent federal regulatory and legislative changes to health insurance policy, including the elimination of the individual mandate requirement to have health insurance if an affordable option is available to you, that were included in the Republican-backed tax bill that passed Congress late last year.
The vehicle through which CHIP funding could be extended also continues to be under discussion. CHIP could be included in another continuing resolution (CR) to keep the government funded after January 19, when the current CR expires. And the Chairman of the U.S. House Energy and Commerce Committee (Rep. Walden, R-Ore.) stated that he may bring a standalone proposal to extend CHIP funding for six years to the House floor next week."
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