CHIP provides insurance for nearly 9 million low-income children across the nation. Funding for the program expired in September, though Congress approved a short-term spending package in December.
The Congressional Budget Office recently revised their estimate on the cost of long-term funding for CHIP, saying it would take $800 million to finance the program for five years instead of the previously estimated $8 billion.
Lawmakers in the House Energy and Commerce Committee previously fought over how to pay for CHIP, but Committee Chairman Greg Walden, R-Ore., said the reduced cost estimate would eliminate many roadblocks.
Senate Majority Whip John Cornyn, R-Texas, said CHIP funding is “highly likely to happen on or about the 19th [of January] when the current continuing resolution expires,” according to The Dallas Morning News.
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