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Press Release | March 9, 2023 | HHS Releases President’s Fiscal Year 2024 Proposed Budget

Please join the Department of Health and Human Services Office of Intergovernmental and External Affairs and the Office of the Assistant Secretary for Financial Resources (ASFR) for a briefing on the Fiscal Year 2024 Budget announced by President Biden.

The Biden-Harris Administration today released the President’s Budget for Fiscal Year 2024. The budget details a blueprint to grow the economy from the bottom up and middle out, lower costs for families, protect and strengthen Medicare and Social Security, and reduce the deficit by ensuring the wealthy and big corporations pay their fair share—all while ensuring no one making less than $400,000 per year pays more in taxes.

The HHS budget makes critical, targeted investments in the American people that will improve health and well-being and promote greater prosperity and economic growth for decades to come. Specifically, these investments will address urgent needs to lower drug costs, bolster public health preparedness, improve the health and well-being of children and seniors, make child care affordable, expand access to health care, increase the health care workforce, and advance research underlying medicine, public health, and social services. The proposed HHS budget includes $144.3 billion in discretionary funding and $1.7 trillion in mandatory funding for FY 2024. The proposed HHS budget also extends the solvency of Medicare’s Hospital Insurance (HI) Trust Fund by at least 25 years without cutting benefits or provider payments.