News Headlines Article

Obama Budget Gets Mixed Reviews from Providers, Advocates
HealthLeaders Media

The reaction from healthcare providers to the Obama Administration’s $4 trillion 2016 budget proposal has been mixed, but predictable, with those earmarked for more money praising the president’s spending plan, and those facing cuts bemoaning “bad medicine.”

The total proposed budget for the Department of Health and Human Services in fiscal year 2016 is approximately $1.1 trillion, up from $1.04 trillion in 2015, and includes about $84 billion in discretionary funding. The proposal calls for a permanent repeal of Medicare’s widely reviled Sustainable Growth Rate funding formula for physicians, which would cost about $150 billion over the next decade, and the end of the sequestered 2% reimbursement cuts to providers that are budgeted through 2021.