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Creates a universal, comprehensive public health insurance program.

Provides increased appropriations for SCHIP through 2012, offers state option for coverage of pregnant women, phases out coverage of childless adults, limits coverage of parents, reduces federal matching payments for children above 300% of the federal poverty level (FPL), gives states an option for using SCHIP funds for employer plan premium assistance, requires mental health parity, provides for improved outreach and enrollment of eligible children, requires development of child health quality measures and makes other changes to SCHIP and Medicaid.

Establishes a program of grants to states to increase health coverage for the uninsured.

Would establish a new entitlement (Title 22 of the Social Security Act) establishing the Medicare For All program to provide coverage of health benefits for all, except those eligible for Medicare. The program would be financed by payroll taxes on employers and workers and administered in a manner similar to the Medicare fee-for-service program. In addition to a Medicare-run fee-for-service option, benefits could also be provided by private plans that contract with the Secretary of HHS in a manner similar to the Federal Employees Health Benefits Program (FEHBP) and Medicare Advantage. Benefits would have to be at least as good as those available to Members of Congress through the FEHBP.

Reauthorizes SCHIP permanently, specifies aggregate funding limits and distribution of state allotments, modifies program benefits and outreach and enrollment procedures, establishes a pediatric quality initiative and demonstration projects, and makes other program changes.