Stimulus Package and House Vote to Expand Child Health Insurance
The economic stimulus package under discussion includes aid to state and local governments as well as money to be set aside for Medicaid to help protect vital services like education and health care from damaging cuts. While formal discussion in the House and Senate would not begin until after Mr. Obama takes office on
"A Medicaid stimulus package could certainly provide our state government payers much needed fiscal help," said
If additional Medicaid funding is approved, the funds are expected to be allocated based on states' Medicaid enrollment levels as stated by CMS. Assuming the
The House of Representatives also recently voted to expand a health-insurance program for children. The legislation would renew the State Children's Health Insurance Program (SCHIP), which was created in 1997 to provide health coverage for children in families that earn too much to qualify for Medicaid, but not enough to afford private insurance. The plan covers an estimated 6.7 million children and an estimated 4.1 million additional children are estimated to gain coverage under the House bill, including children of legal immigrants as well as pregnant immigrants. The estimated cost is
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Providence Service Corporation, through its owned and managed entities, provides home and community based social services and non-emergency transportation services management to government sponsored clients under programs such as welfare, juvenile justice, Medicaid and corrections.
Forward-Looking Statements
This press release contains ""forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "believe," "demonstrate," "expect," "estimate," "anticipate," "should" and "likely" and similar expressions identify forward-looking statements. In addition, statements that are not historical should also be considered forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Forward-looking statements contained in this release may relate to, but are not limited to, statements regarding Providence's review of potential strategic options, the timing of such review, and the outcome of such review. Such forward-looking statements are based on current expectations that involve a number of known and unknown risks, uncertainties and other factors which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. These factors include, but are not limited to the global credit crisis, uncertainties as to the timing and amount of any stimulus package capital market conditions, and other risks detailed in
SOURCE Providence Service Corporation