Children’s Health Insurance Funding Increase
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.
