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Second Opinion

Learn about policy issues important to medical schools and teaching hospitals, with Executive Vice President Atul Grover, M.D., Ph.D.

Washington Highlights

Ways and Means Identifies $53 Billion in Savings Following House Budget Requirements

April 20, 2012—The House Ways and Means Committee April 18 approved three budget reconciliation measures achieving the required $53 billion in spending cuts over 10 years as required by the House-passed fiscal year 2013 budget resolution (H.Con.Res. 112).  The cuts, which included subsidies for health care insurance, child tax credits, and the social services block grant, were required as part of House budget reconciliation instructions that directed six authorizing committees to identify a total of $261 billion in cuts to mandatory programs over 10 years in an effort to avoid the sequester [see Washington Highlights, March 30].

The committee’s first measure, which was approved by voice vote, would require the Internal Revenue Service (IRS) to recapture overpayments in subsidies given to individuals who qualify for federal assistance to purchase health care in the exchanges. The second, which passed by a 22-12 vote, would require taxpayers to include their Social Security number on tax returns to claim the refundable child tax credit. The third, approved by a 22-14 vote, would repeal the Social Services Block Grant, which gives states monies to fund social service programs.

Contact:

Len Marquez
Director, Government Relations
Telephone: 202-862-6281
Email: lmarquez@aamc.org

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Washington Highlights, a weekly electronic newsletter, features brief updates on the latest legislative and regulatory activities affecting medical schools and teaching hospitals.


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For More Information

Jason Kleinman
Sr. Legislative Analyst, Govt. Relations
Telephone: 202-903-0806
Email: jkleinman@aamc.org