President Biden Issues Statement on Twenty fifth Anniversary of Kid’s Health Insurance Program – InsuranceNewsNet


WASHINGTON, Aug. 6 — President Biden issued the next statement on Aug. 5, 2022, on the Twenty fifth anniversary of the Kid’s Health Insurance Program:

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Parents should never must worry about what happens when their kid gets sick or in the event that they can afford a prescription or doctor’s visit. Twenty-five years ago, President Clinton signed the Kid’s Health Insurance Program into law to make that a reality. I used to be proud to vote for this landmark laws within the Senate, where Senators Ted Kennedy and Orrin Hatch worked across the aisle to realize a major expansion of health care for kids.

In 1997, before CHIP was created, 15 percent of our nation’s children lacked medical health insurance. Because of CHIP, Medicaid, and the Reasonably priced Care Act (ACA), today only 4 percent are uninsured. My Administration is constructing on that progress. Because of the American Rescue Plan and our efforts to expand access to inexpensive, quality health care through the ACA, a million children have gained health care coverage since I became president, helping to reverse the coverage losses through the previous Administration. Seven million children and pregnant women enrolled in CHIP now have the peace of mind that medical health insurance brings, and their families not must lay awake at night wondering how they’ll cover their child’s procedure or pay for a hospital bill.

The Inflation Reduction Act (IRA) will construct on our efforts to make quality, inexpensive health care accessible. This laws will extend the ACA improvements we began with the American Rescue Plan, locking in a mean $800 a 12 months savings in medical health insurance premiums for 13 million Americans and stopping 3 million Americans from becoming uninsured. Congress should pass this laws quickly to lower health care costs and make medical health insurance more accessible for families and youngsters across America.

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