Senate committee advances $153B bill that takes aim at PPACA

The Senate Appropriations Committee advanced a bill that will cut $3.6 billion in funding for HHS, the Labor Department and the Education Department, according to The Hill. The bill includes $14.5 billion less than President Obama's budget request.

The $153.2 billion bill includes $2 billion more in funding for the National Institutes of Health for precision medicine, cancer research and Alzheimer's research, according to Sen. Roy Blunt (R-Mo.).

However, according to The Hill, the bill takes aim at the Patient Protection and Affordable Care Act, just after the Supreme Court ruled in favor of upholding subsidies on federal exchanges. The bill blocks discretionary funding for state-based exchanges, blocks budget increases for several health and education programs and blocks funding for the PPACA's Risk Corridor program, a temporary premium stabilization program.

If the bill passes, it would implement the following funding cuts from the 2015 budget.

  • Centers for Disease Control and Prevention — $251 million cut
  • Social Security Administration — $185 million cut
  • Labor Department —$575 million cut
  • Education Department — $1.7 billion cut
  • 44 government programs would be eliminated in total — $1.26 billion in cuts

 

More articles on finance:

Did the King v. Burwell ruling squash state-based exchanges?
Moody's revises Navicent Health's outlook to stable: 3 things to know
Board votes to close California hospital, up to 300 workers to be laid off

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars