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Tag Archives: Federal Cuts
Federal Cuts in Medical Research Funding Can Significantly Impact the Health Care System
On March 1, 2013, President Obama signed an order putting budget cuts – or sequesters, as they are called – into effect which require National Institutes of Health (NIH) and other research agencies to cut their budget. NIH has already cut 5 percent or $1.55 billion from its fiscal year 2013 budget. It is estimated that more than 80 percent of the NIH’s budget is spent on 300,000 research personnel at over 2,500 universities and research institutions in the United States. Continue reading
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