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Statement from CFO Sink on President Bush’s Veto of Children’s Health Insurance Program Reauthorization

10/3/2007

CONTACT:
Tara Klimek
(850) 413-2842
 
TALLAHASSEE—Within hours of receiving the legislation from Congress, President Bush today vetoed the reauthorization of the State Children’s Health Insurance Program (SCHIP).  A vital program that provides a 2-to-1 federal match on state investments in affordable children’s health insurance, the legislation would have allotted nearly $353 million in federal funding to help low-income families in Florida purchase health insurance for their children.
As the Chair of the Florida Healthy Kids Program, one of the four components of Florida’s KidCare program, Chief Financial Officer Alex Sink issued the following statement:  
 
“It is unthinkable that the president would exercise his veto power to place the health insurance of millions of American children in jeopardy.   More than 500,000 Florida children currently lack health insurance.  Without reauthorization of this vital program, hundreds of thousands more will join their ranks, despite the fact that their parents are willing to pay affordable rates.”
 
“I urge all fiscally-minded members of Congress, and especially our Florida delegation, to swiftly override the president’s veto and preserve a model state-federal partnership that ensures children receive the health care they deserve.  We desperately need reauthorization of this program to protect more than 224,000 children currently in the system and allow for the expansion of thousands more children to this successful program.”
 
As a statewide elected officer of the Florida Cabinet, Chief Financial Officer Alex Sink oversees the Department of Financial Services, a multi-division state agency responsible for management of state funds and unclaimed property, assisting consumers who request information and help related to financial services, and investigating financial fraud. CFO Sink also serves as the State Fire Marshal.