EDITORIAL: Continuing lapses: Perkins loans, children's health funds should be stable parts of the federal budget - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 8, 2017 Newswires
Share
Share
Post
Email

EDITORIAL: Continuing lapses: Perkins loans, children’s health funds should be stable parts of the federal budget

Keene Sentinel (NH)

Oct. 08--As Congress has focused, repeatedly and unsuccessfully, on repealing Obamacare during the past months, other priorities have lapsed. This includes finding the funding even for programs that are almost universally supported by both senators and representatives.

As the government's fiscal year came to a close Sept. 30, several such programs expired. They did because despite being popular and necessary, lawmakers have been unable to agree on how to permanently fund them. Thus, they exist only through the mechanism of continuing resolutions -- promises to keep them going temporarily.

Two years ago, legislation to continue the Perkins Loan program had the support of 99 of 100 senators. But that wasn't enough. Because of the Senate's archaic rules, Sen. Lamar Alexander, R-Tenn., was able to stop the bill, letting the program expire. Alexander, chairman of the Senate Education Committee, is not a Perkins fan.

Eventually, he relented, but only after forcing changes that killed the program for graduate students and limited the extension to two years, meaning it was again on the block this year. This time, Alexander was joined by House Majority Leader Kevin McCarthy, R-Calif., in opposing passage of an extension.

They argued the program makes higher-education funding "more complicated" for students and parents. Sure, having to read about another funding option and fill out the application forms is more complicated than not doing that, but if the alternative is not having enough money to attend college, those students would probably accept that trade-off.

Perkins is a need-based program. It only provides a few thousand dollars, but with the cost of higher education these days, in many cases, that makes all the difference.

What would be an even bigger deal is the expiration of the Children's Health Insurance Program -- another important effort that helps primarily those from low-income households. That program, commonly called CHIP, helps 9 million children whose families make just a bit too much to be Medicaid eligible gain health coverage. It also was allowed to lapse Sept. 30.

The good news in the case of CHIP is twofold.

First, the program has enough funding to last a while in many states (it's co-funded by state and federal governments, like Medicaid). In some states, it could last another two years. In New Hampshire, CHIP is used to fund the state's Healthy Kids Silver program, which assures every Granite State child has access to care. How long that program could survive without CHIP is uncertain.

The second piece of good news is that because taking health care away from children is a really bad look, pressure has already been mounting to restore CHIP's funding.

This isn't the first time Congress has let the program expire. It did so in 2007, but reauthorized it within weeks, under pressure. That could happen again. Already, some lawmakers have proposed legislation to fund it for another five years. But as was the case with the Perkins Loan program two years ago, it would not come without a price.

The bill put forth by the House Energy and Commerce Committee would fund the program, but in exchange it would cut back an increase in that funding over the next two years that was called for under the Affordable Care Act. It would also raise Medicare premiums on seniors.

Similar legislation, but without the added costs, sailed through the Senate. If the full House backs its committee's version, the two will have to be reconciled before anything can be passed. But again, it seems unlikely lawmakers will want to head home for the holidays having yanked health care away from 9 million children, so we remain optimistic.

Ultimately, however, the best move members of Congress could make would be to simply fund CHIP, and programs such as Perkins, in the regular budget. By setting them aside as continuing resolution items, they only set themselves up to look bad over and over again.

Meanwhile, those who really need help are left unable to count on it, if it eventually arrives at all.

___

(c)2017 The Keene Sentinel (Keene, N.H.)

Visit The Keene Sentinel (Keene, N.H.) at www.sentinelsource.com

Distributed by Tribune Content Agency, LLC.

Older

Obamacare hasn’t driven up insurance costs for most Virginians, studies and experts say

Newer

City Council Ward 6 candidates differ on priorities for Tucson

Advisor News

  • IRS CEO FRANK J. BISIGNANO VISITS OHIO TO TOUT WORKING FAMILIES TAX CUTS PROVISIONS ON NO TAX ON CAR LOAN INTEREST, NO TAX ON OVERTIME, ENHANCED DEDUCTION FOR SENIOR CITIZENS
  • The hidden flaw in insurance AI adoption for advisors and carriers
  • Rising healthcare costs impact 401(k) accounts
  • What advisors think about pooled employer plans, alternative investments
  • AI, stablecoins and private market expansion may reshape financial services by 2030
More Advisor News

Annuity News

  • MetLife Inc. (NYSE: MET) Climbs to New 52-Week High
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
  • AuguStar Retirement launches StarStream Variable Annuity
  • Prismic Life Announces Completion of Oversubscribed Capital Raise
  • Guaranteed income streams help preserve assets later in retirement
More Annuity News

Health/Employee Benefits News

  • Reed: Can these assets be saved?
  • PacificSource to end Montana operations
  • PacificSource to end Montana insurance operations
  • Reduced health insurance payments for hospital births had a bigger impact on sterilization rates than correcting an injustice
  • Ashley Mann:
More Health/Employee Benefits News

Life Insurance News

  • Kansas official running for governor received $300K in donations before key decision
  • Investigators say C.R. man's life insurance claims for 3 children were fraudulent
  • Shocking death of Kyle Busch renews debate over IUL plan
  • WoodmenLife launches final expense life insurance offering
  • The Standard and Pacific Guardian Life Announce Entry into Agreement to Transition Individual Annuities Business
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet