Compare and contrast Medicaid, Medicare, and the Children’s Health Insurance Program/State Children’s Health Insurance program (CHIP/SCHIP).
QUESTION TO ANSWER: (W3 DQ2 PUB650)
Compare and contrast Medicaid, Medicare, and the Children’s Health Insurance Program/State Children‘s Health Insurance program (CHIP/SCHIP). Describe how these programs are similar and different in terms of structure and financing. Select one of these programs and imagine you are in a position to redesign that program. What key policy issue is most important to address? What primary policy change would you recommend for improvement? Explain and support your position with evidence.
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Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP) share some similarities and differences. One of the similarities between these programs revolves around the fact that they are jointly funded by states and the federal government (Williams & Searcy, 2016). Despite providing money to support these programs, the federal government typically takes a step back, allowing the states to implement them within their territories. Although all these programs receive funding from both governments, the criteria of allocating Federal funds for Medicaid and Medicare differ from that used to fund CHIP. Under Medicare and Medicaid, federal government contribution is dependent upon each state’s FMAP (Zheng et al., 2017).