President Obama Releases FY 2015 Budget Request
President Obama released the first part of his $3.9 trillion budget proposal for Fiscal Year (FY) 2015 on March 4, 2014, with additional details expected in coming days. While the president’s budget is often viewed as a clear indication of the Administration’s priorities, much of the usual controversy over spending recommendations has been largely avoided this year due to the budget agreement passed by Congress in December that sets top-line spending levels for FY 2014 and FY 2015.
Interestingly, the budget request also proposes $56 billion in “stimulus” funding over the FY 2015 spending cap to be divided equally between defense and non-defense programs. While this additional funding includes many priorities important to our community, the fact that it goes beyond the budget agreement may be problematic for many Members of Congress.
Here are a few quick highlights of the President’s FY 2015 budget with policy implications for the Parkinson’s community:
National Institutes of Health (NIH)
- With supplemental spending recommendations included, the budget requests over $31 billion for NIH to support biomedical research.
Department of Defense (DoD) Parkinson’s Research
As a congressionally-directed program, the DoD program is not listed in the president’s budget request to Congress, but the overall budget request includes resources to support research initiatives.
Food and Drug Administration (FDA)
- The budget recommends $2.58 billion for FDA.
- Proposes tying doctor payment to quality of care and closing the Part D “donut hole” for prescription drugs four years ahead of schedule in 2016.
Affordable Care Act (ACA)
The budget request supports full funding for programs and initiatives related to the ACA.
Click here for a more detailed summary.
PAN will continue to provide updates as more information becomes available.
Date originally posted: March 5, 2014.