Showing posts with label State Children's Health Insurance Program. Show all posts
Showing posts with label State Children's Health Insurance Program. Show all posts

Tuesday, February 10, 2009

President Obama Signs Kids' Health Insurance Bill

Feb. 4, 2009 -- President Barack Obama has signed a bill that adds an estimated 4 million children to government-sponsored health insurance coverage.

The bill adds nearly $33 billion to the State Children's Health Insurance Program (SCHIP). In all it would insure 11 million children in lower-income families.

The new law pays for the expanded coverage by raising federal tobacco taxes 61 cents per pack. That brings the total federal tax to $1.01 per pack. All 50 states have their own tobacco taxes, averaging $1.19 per pack, but ranging from $0.07 in South Carolina to $2.75 per pack in New York, according to the Campaign for Tobacco-Free Kids.