Wednesday, May 24, 2017

White House Releases Annual Budget

Drew Thies

On May 22, the White House released detailed department budgets. This is part of President Trump's $4.1 trillion budget proposal for fiscal year (FY) 2018, A New Foundation For American Greatness.

Overall, the plan projects to collect $3.65 trillion in revenue and balances the budget in 10 years. It includes $3.6 trillion in spending cuts over 10 years, with $1.7 trillion of that savings coming from mandatory spending. The plan includes more than $800 billion in savings from health care, mostly from repealing the Affordable Care Act (ACA), saving $250 billion, and reforming Medicaid and the Children's Health Insurance Program, saving $616 billion. It does not include cuts to Social Security or Medicare. 

For the U.S. Department of Health and Human Services (HHS), the FY 2018 budget proposal is asking for $69 billion in discretionary budget authority for HHS, a decrease from President Obama's $82.8 billion request for FY 2017. The proposal includes $1.046 trillion in mandatory funding. The HHS proposal would save $665 billion over 10 years.

The administration says the HHS budget focuses on direct services and proven investments while streamlining or eliminating programs that are believed to be duplicative or have limited impact. Key elements of the HHS budget include Medicaid as a saver, Independent Payment Advisory Board, program integrity, other programmatic changes, medical liability, and the ACA.     

AHCA/NCAL has drafted a summary with highlights from the U.S. Department of Health and Human Services (HHS) budget.

The President's budget is a blueprint. Congress may or may not follow this as it prepares the formal Budget Resolution, which frames federal government operations.

AHCA will be heavily engaged as these proposals are considered by the Congress and will continue to provide the latest information on the President's budget proposal and other happenings on Capitol Hill.

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