Hospital & Healthcare Management March 10, 2023
Released on March 9, the proposed fiscal year 2024 budget by US President Joe Biden extends Medicare solvency and intends to give the federal government more power in order to negotiate prescription drug prices. The budget allocates $144.3 billion in discretionary funding for the agency, which is an increase of $127.3 billion in 2023, and looks forward to decreasing the federal deficit by almost $3 trillion in the next decade.
The United States Department of Health and Human Services- HHS looks forward to allocating $183 billion in the next 10 years so as to make enhanced tax credits that were enacted originally in the American Rescue Plan and are extended permanently to 2025 by the Inflation Reduction Act.
With subsidies,...
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