What is the goal of the bailout? | 11 comments (11 topical, editorial, 0 hidden)

Re: What is the goal of the bailout? (none / 0)

That's about it, in my view.

Just on a point of information:

The Schip debate highlights this.

Unless I'm mistaken, SCHIP means State Children's Health Insurance Program, that gives health insurance to children who would otherwise not have it through their parents' insurance (or lack thereof). But, as its name implies, it's not federal. I'm not up-to-date on this - how many states currently run a SCHIP?

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Feb 6th, 2009 at 04:39:51 AM EST

Re: What is the goal of the bailout? (none / 1)

SCHIP, a federal "entitlement" which extends "medicaid-like" benefits to any child whose HH income exceeds federal minimum qualification for Medicaid insurance enrollment. SCHIP regulations and rulemaking are administered by HHS.

Mr Obama signed a bill this week to increase the federal financing portion (FYE 2007 expiry) and to extend SCHIP eligibility to a larger HH income bracket. The bill rolled over after a veto by Mr Bush during the 110th Congress.

Federal portion of SCHIP financing will be funded by in increase of federal excise tax per cigarrette pack, from USD 0.61 (iirc) to USD 1.00.

Diversity is the key to economic and political evolution.

by Cat on Fri Feb 6th, 2009 at 05:49:54 AM EST
[ Parent ]

Re: What is the goal of the bailout? (none / 0)

Thanks, MT. I seem to remember there was a time when not all states implemented a SCHIP. But Wikipedia gives me the current situation on that:

State Children's Health Insurance Program - Wikipedia, the free encyclopedia

States are given flexibility in designing their SCHIP eligibility requirements and policies within broad federal guidelines. Some states have received authority through waivers of statutory provisions to use SCHIP funds to cover the parents of children receiving benefits from both SCHIP and Medicaid, pregnant women, and other adults. SCHIP covered 6.6 million children and 670,000 adults at some point during Federal fiscal year 2006, and every state has an approved plan.^[5

by afew (afew(a in a circle)eurotrib_dot_com) on Fri Feb 6th, 2009 at 07:35:27 AM EST
[ Parent ]

Re: What is the goal of the bailout? (4.00 / 2)

Yep. And I wouldn't want to revive memories of the acrimony over obtaining passage of the bill in both chambers 2007. It was obscene.

Here's the PR on the signing ceremony, I read yesterday. I've not reviewed the actual language since 2007, when I was complaining about the weakness of the feds' funding mechanism, sales tax on just cigarettes, of all things to choose.

Obama signs children's healthcare bill | Reuters | 5 Feb 2009

Diversity is the key to economic and political evolution.

by Cat on Fri Feb 6th, 2009 at 09:14:58 AM EST
[ Parent ]

What is the goal of the bailout? | 11 comments (11 topical, 0 editorial, 0 hidden)

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