Question

help pls

d. In 1997, the Children's Health Insurance Program (CHIP) was introduced which increased children's access to public health insurance beyond Medicaid program. How do you think this affected the job mobility of low to middle income parents? Briefly explain. e. Give any one example that shows Medicaid improves financial protection to low income families. f. A very small percentage of eligible people actually enroll into the Medicaid program. Give one possible reason. g. Briefly explain the crowding-out effect the Medicaid program may create.

Answer 1

Answer d.

The Children Health Insurance Program (CHIP) established in 1997 with the support of Bipartisan Congress to make uninsured children with low income-eligible for health care policy who were not eligible under Medicaid Policy. The states were given the flexibility to design the CHIP program for their states. Medicaid and CHIP both were able to improve financial stability, improved health care, and utilization of low-income children. Most low-income parents of those children enrolled in Medicaid and CHIP had a positive impression on these policies and 66% or those parents were very satisfied and 27% were somewhat satisfied with these medical care programs on the parameters of quality of care and the range covered under these schemes.

Normal insurance coverages are linked to the employer and employee losses job it can affect the entire family. So there is a strong positive relationship between job loss and loss of health coverage linked with employment. But CHIP gave the facility to provide 100% health coverage to all the enrolled children even after their parents losses their jobs.

When the insurance coverage is provided by the employer, the employer wants to adjust the high insurance cost by reducing other benefits and earnings. And when the employee is getting fewer benefits and salaries they would like to switch the job for better pay and benefits. But when the children are eligible under CHIP, they can get the insurance coverage for their children under CHIP and can get more salary in hand and would like to less switch in multiple jobs every time.

Answer e.

Medicaid improved financial well being to the low-income adults enrolled under the Medicaid Policy. It provided access to critical, comprehensive, and cheap health care serviced to enrolled individuals. Medicaid is an efficient and cost-effective health care system when compared to other private insurance plans. We have to spend 22 percent less on Medicaid than any other private insurance policy and able to save the money on an insurance policy.

As per the estimates and research, the Medicaid policy enrollers were able to reduce the medical debt from $600 to $1000 per person that improved the financial stability of the person. This amount can be used by the individual to spend on other plans or clearing other financial liabilities.

Answer f. Medicaid was one of the successful health care policy that provided health care insurance coverage to more people when compared to any other single health care insurance plan in the USA. It covered everyone including low-income people, children, seniors, and disabled people. But a small percentage of eligible people enrolled in the Medicaid program. One of the main reasons was insufficient knowledge and a lack of understanding about Medicaid. Other reasons were difficulties filling out enrolment forms, lack of transportation facility, and lack of required information and processes to enroll under Medicaid Plans. Because of these issues individuals who were eligible could not enroll in Medicaid Plan.

Answer g.

Crowding-Out Effect in Medicaid Policy: Crowding-out refers to the situation when private insurance (provided by employer or self-purchased) is reduced due to availability or public insurance policy (such as Medicaid) when the government is trying to expand its public-funded insurance plan. By Medicaid, the policy government tried to crowd out private insurance policies by expanding Medicaid Enrolments and provided an incentive to individuals.

Due to government effort to expand subsidized coverage for individuals' health care system, forces individuals and their employers to drop the private insurance policy when they can better, reliable, and affordable public health care system is available in America.