CBO: Reauthorizing CHIP Will Save $6 Billion

You may recall the news from a few days ago that extending the Children’s Health Insurance Program would cost only $0.8 billion, which should make it very easy to pass. As it happens, that estimate only included seven years of funding, for reasons I couldn’t quite figure out. (It’s a five-year funding bill.) But no matter. CBO has now estimated its cost assuming that it’s reauthorized for a full ten years. Here it is:

The reason the cost goes down over time is that it’s based on the savings from kids leaving Obamacare in favor of CHIP. The more expensive Obamacare is, the bigger the relative savings from getting kids into CHIP. And since the Republican tax bill makes Obamacare more and more expensive over time, it makes CHIP more and more cost-effective over time. This is stupid, but that’s what Republicans did.

In the end, then, reauthorizing CHIP saves us $6 billion over ten years. Can we pass it now?

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Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

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Truth #5: It's about minority rule.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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