Analysis: Sequestration Could Cut $180M From Calif. Research Funding
California could lose about $180 million in medical and scientific research funding under sequestration, according to an analysis by the Federation of American Societies for Experimental Biology, the Los Angeles Times reports.
Sequestration took effect March 1 after lawmakers were unable reach a budget compromise (Flores, Los Angeles Times, 3/22).Â
The mandated cuts involve nearly $1 trillion in across-the-board reductions, including a 2% reduction to Medicare reimbursement rates (California Healthline, 3/1).
Under sequestration, NIH is slated to lose $1.6 billion of its $30 billion budget.
Details of Analysis
To develop the analysis, FASEB used 2011 NIH funding data and calculated a 5.1% loss nationwide to reflect cuts under sequestration.
According to the analysis, sequestration likely will halt current research and impede biomedical innovation, including potential breakthroughs in cancer, diabetes and neurological diseases.
The analysis found that California would lose more funding for medical and scientific research under sequestration than any other state in the U.S.
FASEB found that other states that could lose some of the highest amounts of medical and scientific research funding are:
- New York; and
- Wyoming (Los Angeles Times, 3/22).