On Wednesday , President Obama signed a bill that will expand health coverage to 4 million uninsured children. He called this action the first step toward reaching his campaign promise to offer all Americans insurance. This bill reauthorizes the State Children’s Health Insurance Program. Obama said that getting 11 million children coverage with CHIP is a start to his pledge to have every American covered.
Obama and his advisers are using the economic plight as an open door to initiate a lot of his campaign promises. Financial regulation, renewable energy and rural Internet access have all been in the mix to help restore America’s broken financial system.
Obama said “I refuse to accept that millions of our children fail to reach their full potential because we fail to meet their basic needs. In a decent society, there are certain obligations that are not subject to trade-offs or negotiations, and health care for our children is one of those obligations.”
The children’s health bill summons an extra $32.8 billion of spending on SCHIP, that currently has almost 7 million children in the program. These proceeds were produced by lawmakers by increasing the federal tobacco tax.
There are currently about 8 to 9 million uninsured children in the nation according to health officials. It is estimated by the Congressional Budget Office that straight spending for the CHIP Act will expand by about $32.8 billion during the 2009-2013 years.
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