February 26th, 2009
12:36 PM ET
9 years ago

Obama's first budget: Key health care figures

WASHINGTON (CNN) - President Barack Obama highlighted health care, along with energy and education, Thursday when he announced the outlines of his first budget.

Click on the jump for more info about health care funding in the budget.

The following are some of the key health care figures and proposals in the budget:

- A total budget for the Department of Health and Human Services of $76.8 billion. This is down slightly from the $78.4 billion for HHS in fiscal year 2009, but the stimulus package includes another $22.4 billion for HHS-related spending

- A $634 billion health care reserve fund designed to help pay the costs of overhauling the health care system

- The reserve fund is referred to as a "down payment on health care reform," and is financed in part by squeezing $316 billion in efficiencies out of the current health care system by "aligning incentives toward quality," "promoting efficiency/accountability," and "encouraging shared responsibility"

- The reserve fund is also financed in part by "rebalancing the tax code so that the wealthiest pay more"

- The budget will require higher-income senior citizens in the Medicare drug program to pay higher premiums. This accounts for a projected $8.1 billion in savings over 10 years

- $6 billion for cancer research by the National Institutes of Health. This is in addition to the $10 billion provided by the stimulus package for
2009 and 2010

The government's fiscal year runs from October of one year to September of the next.

Related: Obama unveils budget blueprint

- CNN's Robert Yoon and Scott Spoerry contributed to this report.

Filed under: Health care • Obama administration
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