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Healthcare Financial News - President Signs SCHIP Legislation

Healthcare Financial News


Thursday, February 05, 2009
President Signs SCHIP Legislation

President Obama has signed new legislation reauthorizing the State Children’s Health Insurance Program (SCHIP) for the next 4 1/2 years at a cost of $32.8 billion. The legislation was passed in the House of Representatives on Wednesday, Feb. 4, by a vote of 290-135, following last week’s 66-32 vote in the Senate.

The new legislation will expand SCHIP coverage to an estimated 4.1 million children, while maintaining coverage for the more than 7 million children already in the program. The cost of the program will be funded by an increase in the federal tax on tobacco products.

Included in the legislation was a provision expanding SCHIP to newly arrived legal immigrants, who had faced a five-year waiting period for eligibility. Dropped from the legislation was a provision that would have banned physicians’ self-referrals to hospitals in which they have an ownership interest.

Read the White House statement.

posted on 2/5/2009 8:51:22 AM (CST)  Permalink