State Children's Health Insurance Program (SCHIP)
SCHIP (State Children’s Health Insurance Program)
Abstract
The Balance Budget Act of 1997 created the Children’s Health Care Program (SCHIP). This program is also known as the State Children’s Health Insurance Program. Over 10 years, the program allocated around $20 billion for assisting low-income children who were ineligible for Medicaid and could not afford private insurance. The program was enacted by Title XXI of the Social Security Act. SCHIP was developed in order to make coverage of health care accessible to-low income uninsured children who family income is more than state Medicaid income standards for eligibility. The outcomes of state-by-state and national mismatching together with the federal funding unpredictability …show more content…
SCPIP, like other pieces of key federal legislations, was a political compromise product. States, under the law utilizes their federal SCHIP funds for expanding Medicaid receive improved federal matching rates of payments equal to the allotment of state of SCHIP funds. With a SCHIP, if a state funded Medicaid expansion spends all of its funds of SHCIP it can return to a regular financing of Medicaid and acquire matching payments of regular federal Medicaid for its group of expansion. Under a SCHIP financed Medicaid expansion, coverage rules (for example, cost sharing and benefits) are subject to the state Medicaid rules and standard federal. States that use their funds of SCHIP for financing coverage through non-Medicaid (separate) programs also attain improved federal matching payments up to the SCHIP allotment of the state, though these programs cannot depend on Medicaid equivalent funds if their SCHIP funds are shattered (Estrine, 2011). Medicaid program standards do not govern separate SCHIP programs. The rules of SCHIP permit the state noticeably more leeway about cost sharing and …show more content…
• In advance federal funding set well are insensitive to intervening events. For SCHIP Overall, the federal government has been capable of controlling and predicting its financial exposure by designing SCHIP funding levels 10 years in advance. However, overall funding did not adjust for accounting superior levels of requirements.
• Concerns may arise when deficit minimization, instead of needs of program, drive federal spending allocations. SCHIP was developed as a sort of a much wider legislation which made alteration to a huge verity of federal programs with the objective of harmonizing the centralized financial plan by national fiscal year 2002 (McDonough,
Abstract
The Balance Budget Act of 1997 created the Children’s Health Care Program (SCHIP). This program is also known as the State Children’s Health Insurance Program. Over 10 years, the program allocated around $20 billion for assisting low-income children who were ineligible for Medicaid and could not afford private insurance. The program was enacted by Title XXI of the Social Security Act. SCHIP was developed in order to make coverage of health care accessible to-low income uninsured children who family income is more than state Medicaid income standards for eligibility. The outcomes of state-by-state and national mismatching together with the federal funding unpredictability …show more content…
SCPIP, like other pieces of key federal legislations, was a political compromise product. States, under the law utilizes their federal SCHIP funds for expanding Medicaid receive improved federal matching rates of payments equal to the allotment of state of SCHIP funds. With a SCHIP, if a state funded Medicaid expansion spends all of its funds of SHCIP it can return to a regular financing of Medicaid and acquire matching payments of regular federal Medicaid for its group of expansion. Under a SCHIP financed Medicaid expansion, coverage rules (for example, cost sharing and benefits) are subject to the state Medicaid rules and standard federal. States that use their funds of SCHIP for financing coverage through non-Medicaid (separate) programs also attain improved federal matching payments up to the SCHIP allotment of the state, though these programs cannot depend on Medicaid equivalent funds if their SCHIP funds are shattered (Estrine, 2011). Medicaid program standards do not govern separate SCHIP programs. The rules of SCHIP permit the state noticeably more leeway about cost sharing and …show more content…
• In advance federal funding set well are insensitive to intervening events. For SCHIP Overall, the federal government has been capable of controlling and predicting its financial exposure by designing SCHIP funding levels 10 years in advance. However, overall funding did not adjust for accounting superior levels of requirements.
• Concerns may arise when deficit minimization, instead of needs of program, drive federal spending allocations. SCHIP was developed as a sort of a much wider legislation which made alteration to a huge verity of federal programs with the objective of harmonizing the centralized financial plan by national fiscal year 2002 (McDonough,