Breaking Down Biden's $7.3T Proposed Budget for 2025: Here are his Top Health Priorities

Fierce Healthcare / By Noah Tong

President Joe Biden unveiled a proposed $7.3 trillion budget for fiscal year 2025 on Monday, which continued upon and expanded key health items from previous years.

The administration said his budget (PDF) will lower healthcare costs and drug prices, expand access to prescription drugs, build upon the Affordable Care Act (ACA) and fortify Medicare through a tax on the wealthy. Many of these priorities were previewed during Biden's State of the Union address last week.

Biden argues his plan will reduce the deficit by $3 trillion, whereas Republican-backed plans do the opposite over 10 years. The national debt would rise to $45.1 trillion by 2034.

"The national debt is on a steady march upwards, and it would take nearly $8 trillion of savings just to stabilize the debt over the next decade," said Maya MacGuineas, president of the Committee for a Responsible Federal Budget, in a statement. "It’s dangerous that we’ve let things get this bad, and we need to treat it like the priority that it is. The President’s call for over 3 trillion of deficit reduction is a welcome start, and he deserves credit for presenting a budget that pays for new initiatives and improves our fiscal situation, but the budget doesn’t go nearly far enough."

Department of Health and Human Services (HHS) Secretary Xavier Becerra said the fiscal year budget proposes $130 billion in discretionary spending and $1.7 trillion in mandatory funding.

While not necessarily a focus of the budget itself, much of the news briefing was dedicated toward the administration's stance on defending abortion rights.

"The department is fighting tooth and nail to protect and expand reproductive health care including making contraception, IVF, and basic pre- and postnatal healthcare not only available, but more affordable," said HHS Deputy Secretary Andrea Palm during a press briefing.

Becerra said federal agencies are focused on how they can help protect reproductive rights. He cited the FDA working to protect patient access to mifepristone along with the Office of Civil Rights allowing patients to receive the right care for them.. He also referenced the Braidwood case, where the federal government is trying to protect the ACA's preventive services clause in court, and the Centers for Medicare & Medicaid Services (CMS) working to provide adequate maternal health care.

Click here for three of the top health policies to be aware of in the budget.