Summary
The Affordable Care Act (ACA, P.L. 111-148 and P.L. 111-152) provided an increase in the enhanced Federal Medical Assistance Percentage (FMAP) for most expenditures under the Children’s Health Insurance Program (CHIP), beginning in fiscal year (FY) 2016. However, ACA authorized funding for CHIP only through FY 2015. As this date approaches, discussions over the future of the program have begun. This Issue Brief discusses the current financing of the program, implications of expiring funding, and recent reauthorization proposals.