June 20, 2018
The Republican House Budget Committee released a FY 2019 budget roadmap, The Budget for A Brighter American Future, on June 19. The budget proposes to reduce the deficit by $302 billion in the next decade, in large part by cutting spending on mandatory programs such as Medicare and Medicaid. For health programs, the budget seeks to fully repeal the Affordable Care Act (ACA) through reconciliation in FY 2019, implement premium support in the Medicare program, and institute per-capita spending caps or block grants in the Medicaid program.
The budget also aims to achieve dramatic cuts to discretionary programs, currently at $647 billion in FY 2019 but dropping to $424 billion by FY 2028 at the same time the population would grow. This largely symbolic budget proposes similar provisions that have not been supported among many Senate Republicans, and is less likely to be brought to the House floor for a vote. The 2018 budget deal secured funding levels for FY 2018 and 2019, and Congressional leadership is unlikely to engage in a budget fight in an election year.
For additional details of the budget, please click here.
To view the budget click here.