President Obama’s FY14 Budget Provides Essential Boost to Biomedical Research Funding

April 10th, 2013

The following is a statement from United for Medical Research (UMR) in reaction to President Obama’s FY14 budget:

WASHINGTON – “United for Medical Research applauds President Obama’s proposal to increase funding for the National Institutes of Health (NIH) in FY 2014. As the centerpiece of the medical innovation ecosystem, NIH not only supports the research that leads to treatments and cures for our most devastating diseases, but drives the life sciences economic engine, annually sustaining over 400,000 jobs and nearly $60 billion in economic activity nationwide. The President’s NIH budget proposal is an important step forward in restoring the crippling $1.6 billion cut the agency received as a result of the sequester.

“We look forward to working with the Administration and Congress in making this increase in NIH funding a reality. Following a decade of decline in purchasing power, even as scientific opportunities have grown exponentially, increasing the NIH budget should be a critical national priority. In these perilous economic times, we cannot afford to underinvest in our nation’s most talented scientists.  Their work, undertaken in all 50 states, has enabled the U.S. to lead the world in life science innovation.

“Every year, NIH research on cancer, heart disease, stroke, and diabetes alone averts up to 1.35 million deaths annually while providing hope to millions of patients and their families. Funding roughly one-third of all U.S. medical research, NIH supports more than 300,000 research positions at over 2,500 research universities and institutions in all 50 states.”