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10 March 2023

President Biden releases FY24 Budget, increasing health spending by $14.8 billion

On March 9, President Biden released his $6.8 trillion fiscal year (FY) 2024 budget proposal, requesting $1.7 billion in mandatory funding and $144 billion in discretionary funding for the Department of Health and Human Services (HHS), an 11.5% increase from the 2023 enacted level.

Like most presidential budgets, the documents are largely aspirational, and unlikely to supported by Congress, which ultimately is tasked with drafting and passing a budget for FY 2024 by the September 30th deadline.

Additional information is also available in the attached Tax Alert.

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Contact Information
For additional information concerning this Alert, please contact:
 
Washington Council Ernst & Young
   • Heather Meade (heather.meade@ey.com)
   • Heather Bell (heather.bell@ey.com)

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ATTACHMENT

FY2024 budget health spending

Document ID: 2023-0456

 

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