Stories

Funding CHIP would save the government money, CBO says

Federal CHIP funding expired in September. Photo: Matt McClain/The Washington Post via Getty Images

Funding the Children’s Health Insurance Program just keeps getting cheaper. The Congressional Budget Office originally said a five-year extension would cost $8.2 billion over a decade, then lowered the cost to $800 million. Today, CBO said a longer, 10-year extension would ultimately save taxpayers money — about $6 billion over a decade.

Why it matters: Congress’ failure to extend federal CHIP funding is not the result of a fight over CHIP, but rather a fight over how to offset the costs of extending CHIP. Now, though, there are potentially no costs to offset. That ought to make this much easier for Congress to (finally) accomplish.