Children’s Health Insurance Program is set to go bust

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If you’re waiting and wondering what the future holds for the Children’s Health Insurance Program, the answer most likely depends on where you live.

CHIP is a popular, bipartisan program that provides a safety net for nearly 9 million kids in low- and mid-income families. It’s the latest pawn in the Congressional wrangling over health care. Both the Senate and House are debating bills to reauthorize CHIP funding, and both are considering these bills after the Sept. 30 deadline for reauthorization has passed.

“CHIP has always had bipartisan support since it started 20 years ago,” said Jesse Cross-Call, senior policy analyst at the Center for Budget and Policy Priorities (CBPP). “So it has really been a surprise that it’s taking this long to get it funded. Congress has never blown past the deadline before, so we’re in uncharted territory.”

Missing the deadline means an estimated 11 states will run out of federal CHIP money by the end of this year, and 32 states are expected to run out of money by March 2018, according to a study by the Kaiser Family Foundation.

More from CBS News

Posted by Libergirl


First Thoughts: Far apart

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Image: Reuters

Less than a month before the Bush-era tax cuts are set to expire and significant spending reductions are supposed to go into effect, the Obama White House and congressional Republicans remain far apart in their negotiations. “We’re nowhere, period. We’re nowhere,” House Speaker John Boehner said on FOX yesterday. He also blasted the budget offer that the White House gave to Republicans on Thursday, which included $1.6 trillion in increased taxes and revenues, $400 to $600 billion in spending cuts, and the essential end of Congress’ control over the debt limit.

“I was flabbergasted… I’ve just never seen anything like it. You know, we’ve got seven weeks between Election Day and the end of the year. And three of those weeks have been wasted with this nonsense.”

More from NBC News

Posted by Libergirl

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