Government Funding
A few days before federal funding was set to run out (November 17), both chambers of Congress overwhelmingly approved House Speaker Mike Johnson’s “laddered” continuing resolution proposal. The two-tiered stopgap funding bill (H.R. 6363) sets a January 19, 2024 deadline for Congress to pass the FY24 Agriculture-FDA, Energy and Water, Military Construction-VA, and Transportation-HUD bills, and a February 2, 2024 deadline for the remaining eight appropriations bills. The bill does not include supplemental funding, cuts to existing funding levels, or controversial policy riders.
Looking ahead
The following are a few policy areas the OGCA team is watching. Most concerning: penalty for the use of a continuing resolution in FY2024, codified in the Fiscal Responsibility Act, will take effect if appropriations bills are not enacted by January 1. The penalty would require reducing defense and nondefense funding levels by a 1% sequestration order to be issued on April 30, 2024.
Other health-related deadlines are also fast approaching:
- The Medicaid federal medical assistance percentage (FMAP) that was increased by COVID 2020 legislation will continue with a 1.5-point boost until December 31.
- A 3% bonus payment for physicians enacted in 2021 will decrease to 1.25% after December 31. Additionally, the qualifications for this bonus will become more stringent for providers after December 31.
- Seniors’ drug costs will be reduced on January 1 as the redesign of Medicare Part D begins.
Congressional Reception
On November 14, Emory hosted a Congressional Reception on Capitol Hill. Over 100 congressional and federal agency staff, as well as alumni, gathered; and Georgia Reps. Sanford Bishop and Mike Collins, as well as alumni Reps. Kathy Castor and Jeff Jackson, joined. Provost Ravi Bellamkonda updated our DC-based friends and supporters about the latest happenings at Emory. We appreciate the many Emory leaders that attended and helped to represent the good work taking place at Emory. |