Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance > Life Insurance Strategies

Bush Vetoes SCHIP Bill

X
Your article was successfully shared with the contacts you provided.

President Bush has vetoed H.R. 976, a bill that would have extended the State Children’s Health Insurance Program.

The law that has authorized SCHIP expired Sunday.

Bill supporters, including insurance groups, have argued that the extension was important to protecting the ability of children to get regular, timely access to health care.

Bush declared Monday, in a proclamation designating the day as Child Health Day, 2007, that SCHIP is important and ought to be reauthorized, but he says H.R. 976 was too expensive.

Bush has proposed increasing SCHIP funding to $30 billion over 5 years, from $25 billion.

H.R. 976 would have increased SCHIP funding to $60 billion over 5 years.

In addition to being too expensive, H.R. 976 would have given states too much flexibility to use SCHIP funding to cover moderate-income children as well as low-income children, Bush says.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.