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Children’s Health Insurance Funding Increase

Posted Jan 15 2009 7:08pm

President elect Barack Obama is expected to sign into law a bill presented by the U.S. house soon after he takes office that will increase spending on government funded children’s health insurance plans.

The bill would essentially add 4 million children to the existing roll of 7 million who are already receiving government subsidized health insurance.  The bill easily received congressional approval and is expected to easily receive senate approval as well.  The $32 Billion that it will cost to expand the health coverage will be covered by smokers in the form of a tax on cigarettes.

Part of the proposed bill gives states the option of eliminating the 5 year waiting period on providing government funded health insurance coverage to legal immigrants as well as pregnant immigrants.

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