5 key points on Trump's budget proposal — Slashes HHS spending by 17.9 percent
Under President Donald Trump's budget proposal, healthcare industry funding will take a significant hit in overall spending, according to The Washington Post.
Here are five key points:
1. HHS will receive $69 billion under the president's plan, which is 17.9 percent less than what it currently receives.
2. Of the total $15.1 billion in spending reductions, more than 33 percent impact the National Institute of Health. President Trump's proposal would reduce NIH funding to $25.9 billion, a $5.8 billion cut.
3. The proposal seeks to eliminate NIH's Fogarty International Center, a program working to facilitate partnerships between global and U.S. health research institutions.
4. However, the report does not delve into spending for Medicare and Medicaid benefits, which currently total $1 trillion.
5. The Trump administration's plan would boost spending on substance-abuse services by $500 million to combat the growing opioid epidemic.
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