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Healthcare Financial News - CMS Announces Re-allotment of Unexpended 2005 SCHIP Funds

Healthcare Financial News


Tuesday, May 29, 2007
CMS Announces Re-allotment of Unexpended 2005 SCHIP Funds

The Centers for Medicare and Medicaid Services has placed on display at the Federal Register a notice that describes the methodology for re-allocating the 2004 and 2005 unspent State Children’s Health Insurance Program allotments.

In February 2007, an initial redistribution of unspent 2004 SCHIP allotments was made to five states that would have an SCHIP shortfall during the Jan. 1-March 31, 2007, period. These states were Illinois, Maryland, Massachusetts, New Jersey, and Rhode Island.

In March 2007, CMS received revised estimates from the states of projected expenditures; subsequently, the 2004 re-allotments were revised and the 2005 re-allotments were determined. The same five shortfall states, as well as Georgia, will now receive re-allotments. At $37,071,617, Illinois is set to receive the largest amount, followed by Georgia ($28,653,319), New Jersey ($27,708,720), Massachusetts ($21,616,185), Maryland ($16,638,268), and Rhode Island ($7,144,187).

posted on 5/29/2007 8:39:17 AM (CST)  Permalink