Final answer:
The Children's Health Insurance Program (CHIP) is not privately funded; it's a governmental program that provides health insurance for children in lower-income families, differing from other options like BlueCross BlueShield, commercial insurers, and managed care organizations which are private entities.
Step-by-step explanation:
The question asks which of the listed options is not privately funded. Among the options provided, BlueCross Blue Shield is a nonprofit health organization, Commercial insurers refer to for-profit companies that provide health insurance, and Managed care organizations are typically private companies that offer plans with a network of healthcare providers. The Children's Health Insurance Program (CHIP), however, is a governmental agency that, along with programs like Medicaid and Medicare, provides health insurance to those with lower incomes, the elderly, and children in families with relatively low incomes. Thus, CHIP is the correct answer as it is not privately funded, but rather it is a government-funded program.