Healthcare Three Key Provisions in the 2020 Budget

Healthcare

Many of Trump’s proposals are based on public health initiatives that he sees as key to making the nation “wealthier, stronger, safer, and greater for every American family and neighborhood.” Here are three key healthcare provisions in the latest budget.

President Trump has submitted his latest budget proposal to Congress, inviting a round of debates on some key talking points. Trump has asked for more than $8 billion to fund his ongoing border wall project, and while this has made headlines in the last two days, there’s a lot more in the budget that will interest investors and the public.

Funding to Overcome HIV/AIDS Infection Rates

President Trump said in his budget proposal that the “HIV epidemic still plagues our nation.” With 38,000 new infections every year, this statement has a lot of weight behind it.

The latest budget allocates $291 million for the Department of Health to help reduce infections by 75% within five years, and 90% within the next ten years. Funding will be used for healthcare, treatment, prevention, and diagnosis efforts around the nation.

Child Cancer Research

The President accurately stated in his healthcare budget message that many of the deadliest childhood cancers have not seen treatment improvements in decades. The budget allocates $500 million for child cancer research over a period of 10 years. Research could potentially lead to life-saving treatments that are desperately needed.

Healthcare Veteran Services

Continuing the push for improved health services, the President has allocated $80.2 billion to cover VA healthcare requirements in 2020. This is an increase of $7.0 billion over the funding allocated for 2019. The budget also implements complete support for the VA Mission Act that was passed in 2018. The Act will give veterans more options when selecting healthcare providers. The budget will also give better access to urgent care.

The United States Department of Veterans Affairs will also receive funding to upgrade aging I.T. systems, which will make management more efficient and effective.

Budget Deadline Approaching

The President’s budget must be approved by October 1 to avoid a government shutdown later this year. While a request for increased border wall funding will likely be a point of division, there are plenty of components in the latest budget that could allow for negotiation and even unity across the political spectrum.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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