How does Medicaid affect all of us?
Congress finally seems ready to take action on the Children’s Health Insurance Program (CHIP) after funding lapsed Sept. 30. How much do you know about how CHIP and Medicaid impact our lives? Along with the companion Child Health Plan Plus (CHP+) program, Medicaid in Colorado provides health insurance to nearly 1.3 million residents. According to Kaiser Family Foundation, nationwide, Medicaid provides critical health coverage to 74 million Americans, or more than 1 in 5 Americans, making it the largest health insurance program.
Medicaid impacts kids and families in many ways. For example, Medicaid is the single-largest payer for mental health services in the U.S. and increasingly picks up the bill for substance abuse treatment. Medicaid also protects families from having to sell a home or declare bankruptcy to pay for the care of a disabled child. It responds to cover disaster relief, public health emergencies and programs in schools that lack other sources of funding. Learn more about how Medicaid impacts many aspects of kids and families.