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1 Extending Funding for the Children's Health Insurance Program for 10 Years 1 (January 11, 2018)

handle is hein.congrec/exfuchip0001 and id is 1 raw text is: CONGRESSIONAL BUDGET OFFICE Keith Hall, Director U.S. Congress Washington, DC 20515 January 11, 2018 Honorable Frank Pallone Jr. Ranking Member Committee on Energy and Commerce U.S. House of Representatives Washington, DC 20515 Re: Cost Estimate of Extending Funding for the Children's Health Insurance Program for 10 Years Dear Congressman: At your request, the Congressional Budget Office and the staff of the Joint Committee on Taxation (JCT) have completed a preliminary estimate of the budgetary effects of extending funding for the Children's Health Insurance Program (CHIP) for 10 years using specifications provided by your staff. Under those specifications, the provisions of S. 1827, the Keep Kids' Insurance Dependable and Secure Act of 2017 (KIDS Act), would be extended. In particular, all of the provisions that would be in place in 2022, the final year of funding under that Act, would continue unchanged for the remainder of the 2023-2027 period. The agencies estimate that enacting such legislation would decrease the deficit by $6.0 billion over the 2018- 2027 period. On January 5, 2018, CBO and JCT estimated that S. 1827 would increase the deficit by $0.8 billion over the next ten years after accounting for the enactment of Public Law 115-97, which repealed the penalties related to the individual health insurance mandate starting in 2019, and for administrative action. 1 Extending funding for CHIP for 10 years yields net savings to the federal government because the federal costs of the alternatives to providing coverage through CHIP (primarily Medicaid, subsidized coverage in the 1. See Congressional Budget Office, updated cost estimate for S. 1827, the Keep Kids' Insurance Dependable and Secure Act of 2017 (January 5, 2018), wwwcbo. goy/Tublication/53442.

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