The Cost of Funding CHIP Just Went from $8 billion to $800 million. But It's Still Not Funded.

The video discusses the Children's Health Insurance Program (CHIP), which provides healthcare to 9 million low and middle-income children. Despite its popularity and bipartisan support, CHIP has not been reauthorized by Congress, leading to funding issues. The cost of CHIP was initially estimated at $8 billion but has decreased to $800 million due to changes in tax law. This change makes it more expensive not to have CHIP, emphasizing the need for Congress to reauthorize the program. The video concludes by highlighting the importance of finding an additional $800 million to ensure better healthcare for children.

What is the primary reason Congress has not reauthorized CHIP despite its popularity?

• Lack of public support

• High cost estimates

• Insufficient state warnings

• Opposition from healthcare providers

How did the estimated cost of CHIP change after the tax law was passed?

• It increased to $10 billion

• It was eliminated entirely

• It remained at $8 billion

• It decreased to $800 million

What effect does the elimination of the individual mandate have on insurance premiums?

• It stabilizes premiums

• It increases premiums

• It has no effect on premiums

• It decreases premiums

Why is there now less reason not to pass a reauthorization for CHIP?

• The cost of not having CHIP is higher

• States have found alternative funding

• Public interest has declined

• The program is no longer needed

What percentage of the tax bill's cost is needed to cover CHIP for the next five years?

• 5%

• 0.1%

• 1%

• 10%