The Children’s Health Insurance Program (“CHIP”), developed in the year of 1997, assist states to give health care coverage to low-income children up to age nineteen whose families fall above the Medicaid eligibility threshold but are unable to afford private insurance. Over the past 10 years, federal funding for CHIP has gradually increased. Congress reauthorized CHIP in the year of 2015 through MACRA, but the program, which reflects one of the last remaining annual (or semi-annual) vehicles for Congress to advance health policy initiatives, will lapse on the day of September 30, 2017. CHIP has conventionally got bipartisan support but the query of whether to sustain funding the program has recently been at issue. The fate of CHIP now lies under the 115th Congress.
For the last various years, few experts considered that CHIP would gradually wind down as the uninsured rate for kids dropped in light of other coverage options under the Affordable Care Act (“ACA”). In accordance to the U.S. Census Bureau, the time period of 2013-2015 observed the largest decline in uninsured children ever going from 7.1 to 4.8% uninsured. While the ACA gives extra coverage options for low-income families, CHIP sustains to be famous because in few cases it offers better benefits at lower costs than plans on the exchanges. This was the subject of debate during the previous reauthorization, and in the lead up to MACRA’s passage, the Medicaid and CHIP Payment and Access Commission (“MACPAC”) recommended Congress “to extend federal CHIP funding for a transition period of 2 extra years, during which time policies can be established to deal concerns about affordability and adequacy, with the ultimate aim being integration of kids in Medicaid, employer-sponsored, or exchange coverage depending upon their family circumstances.” Now, 115th Congress has to decide the fate of CHIP.
Presently, low-income kids who aren’t eligible for Medicaid have 3 options for healthcare coverage: through their parents’ employer-based plan, through an exchange plan under the ACA, and through CHIP. These 3 coverage choices differ in the benefits offered and cost-sharing needs for families. As Republicans determine the fate of CHIP in the year of 2017 and beyond, they will require considering if coverage variations for low-income children should continue. In other words, when approaching the ACA, Republicans require keeping in mind the positive aspects of CHIP that might not be involved in the current marketplace or employer-based plans.
CHIP has been a bipartisan program throughout its establishment, but decisions about either to expand or extend the program are inextricably tied to decisions regarding to the ACA. Now, 115th Congress has to decide the fate of CHIP.
Your email address will not be published. Required fields are marked *
Aetna Announces The Completion of $1 Billion Bond Public Offering
Aetna Declares A Brighter Experience For Entire Members of Aetna Dental Team
Urgent care chain utilizes patient feedback to empower performance
Patrick Conway is quitting CMS to supervise BCBS North Carolina
Copyright© 2015 Healthcare insurance News All Right Reserved