Underreported Facts about SCHIP

By September 30, 2007Health Care, Taxation

From the Wall Street Journal’s editorial, “Schip for Everyone“:

Naturally, however, there’s a budget sleight-of-hand. Known as a “funding cliff,” the yearly Schip layout increases to $13.9 billion in 2011, then abruptly cuts spending by 65% below current funding levels. This helps “score” the bill as costing only $35 billion over the five-year budget window, but it also means that come 2012 Congress will either have to pass new spending or kick kids off the rolls. The chances of the latter happening are approximately zero…

The Statement of Administration Policy on H.R. 976 is available here: “If H.R. 976 were presented to the President in its current form, he would veto the bill.” It’s on its way.

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