Federal Children’s Health Insurance Program (CHIP) Remains Unfunded And On Temporary Reserves; 9 Million Children Covered By CHIP
The Children’s Health Insurance Program (CHIP) is currently unfunded as a result of federal budget negotiations, but lawmakers passed a rule allowing The Federal government passed a rule allowing “the Centers for Medicare and Medicaid Services to dole out reserve CHIP funds to states most in need of it. The previous rule required CMS to evenly distribute leftover funds to each state. Now, states such as Minnesota that are expected to run out of money by the end of the year can get additional funds even if they’ve already received their share of the pot.”
Over $1.2 billion of the $3 billion in CHIP reserve funds have already been spent.
“CHIP covers about 9 million children whose parents usually earn too much to qualify for Medicaid, but not enough to afford private health coverage — typically no more than $62,000 for a family of four. The 20-year-old program cost about $15.6 billion in fiscal 2016, funded almost entirely by the federal government.”
The program is still unfunded (as of January 14, 2018) and 1.9 million children are at risk of losing coverage in January.