Proposed Cuts would devastate biotech sector, medical breakthroughs, and patient care
March 23, 2017
BOSTON-Massachusetts Senate President Stan Rosenberg and Senator Sal DiDomenico, Chairman of the Senate Committee on Intergovernmental Affairs, sent a letter to the Massachusetts Congressional delegation expressing their concern over the proposed cuts to the National Institutes of Health (NIH).
The Trump Administration has outlined a budget proposal with a 19% cut to NIH which, combined with other proposed budget cuts and the proposed changes to the Affordable Care Act, would result in a loss of billions of dollars in federal funding to Massachusetts by 2020. These cuts would eviscerate the Massachusetts innovation economy and our healthcare system.
“Massachusetts is a worldwide leader in medical and biotech research. The proposed cuts to NIH will devastate not only our research institutions but also our biotech companies while putting the brakes on innovation and medical breakthroughs,” said Senate President Rosenberg (D-Amherst). “We encourage our delegation to hold the line on these cuts. The Massachusetts Senate stands ready to work with them to prevent these dangerous short-sighted cuts from becoming law.”
“These cuts to the National Institutes of Health would have a severe and disproportionate impact on the Massachusetts economy, threatening thousands of jobs and critical medical research,” said Senator Sal DiDomenico (D-Everett). “Massachusetts is home to the world’s leading universities, hospitals, and research facilities, which rely on NIH funding to continue discovering cures and therapies for patients. These cuts would have devastating ramifications for patients throughout the nation and across the globe, which is why it is so important that we work with our Congressional Delegation to ensure that this reckless proposal does not move forward.”
“Any proposed cuts to NIH funding are not only bad for our local economy here in Massachusetts, but more importantly, would have devastating impacts for patients all across the world. Growth in research is what leads us to breakthrough therapies and much-needed cures for patients,” said Robert K. Coughlin, President and CEO of MassBio.
Massachusetts received over $2.5 billion in NIH grants last year and each dollar generates approximately $2.30 in economic activity. According to MassBio, the total annual economic impact from NIH dollars is $6,005,780,036 and the NIH supports 29,552 jobs in Massachusetts.
If the proposed NIH cuts are adopted Massachusetts could lose as much as $488,784,343. The Senators finished the letter by offering assistance to the delegation as well as acknowledging the fight they have on their hands in supporting federal programs.