Senate Bill: Two-thirds of Newly Insured in Public Plans
- Hundreds of Billions of Dollars for State Public Plans in Bill
Here's the good news from the Senate bill: of the 31 million uninsured projected to gain coverage under the Senate plan by 2018, the Congressional Budget Office projects that two-thirds of them will gain coverage via some form of public plan. Yes, the limited public option will enroll only a projected 4 million folks, but expansions in Medicaid and SCHIP will enroll 15 million more people than would be expected under current law. 54 million people will be covered by Medicaid, CHIP or the public option by 2018.
Step back from the mechanics and the dollars invested are impressive. $347 billion in additional funds will go directly to Medicaid and CHIP programs.
- By 2014, most nonelderly people with incomes below 133 percent of the federal poverty line would be made eligible for Medicaid. The government would pay for this whole expansion through 2016 and roughly 90% of the costs thereafter.
- Federal support for childrens health insurance plans (CHIP), which cover kids much farther above the poverty line, would expand to an average of 93% of costs under the bill.
- States would pay a total additional $25 billion over the ten-year period.
But here's the better news, under Section 1332 of the bill, states could apply for waivers and convert their state residents' share of health insurance exchange credits and small employer credits into their own more comprehensive state health care program.











