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- The role of government in the CHIPS program is to shift financial incentives to maximize large-scale private investment in production, break-through technologies, and workers1. The CHIPS program will encourage new ecosystem partnerships that reduce risk, build on U.S. strengths, and facilitate such investments1. However, it is important to note that CHIP is a federal-state partnership that provides health coverage to eligible children through both Medicaid and separate CHIP programs23. Children eligible for CHIP are in families with incomes too high to qualify for Medicaid, but too low to afford private coverage3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.The role of government in the CHIPS program is to shift financial incentives to maximize large-scale private investment in production, break-through technologies, and workers. The CHIPS program will encourage new ecosystem partnerships that reduce risk, build on U.S. strengths, and facilitate such investments.www.commerce.gov/news/press-releases/2022/08/…CHIP provides free or low-cost health insurance for kids in households with slightly too much income for Medicaid eligibility. Like Medicaid, CHIP is a federal-state partnership. Generally, the federal government covers about 70% of the funding.www.goodrx.com/insurance/health-insurance/childr…Provides health coverage to eligible children through both Medicaid and separate CHIP programs Children eligible for CHIP are in families with incomes too high to qualify for Medicaid, but too low to afford private coverage. Is managed by states according to federal requirements Is funded by states and the federal governmentwww.medicaid.gov/chip/index.html
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