President Obama's proposed budget for 2014, unveiled Wednesday afternoon, increases federal spending nearly 28 percent for health technology efforts via the Office of the National Coordinator--from $61 million in fiscal 2013 to $78 million for fiscal 2014. His overall fiscal 2014 budget request for the U.S. Department of Health & Human Services boasts hundreds of billions in savings--but at the cost of some provider payments.
The HHS budget includes Medicare proposals that would save the program $371 billion over the next decade; however, those much of those savings stem from cuts to hospitals and healthcare providers.
To learn more, read FierceHealthcare's analysis, and be sure to check back with FierceHealthIT soon for a more in-depth look at technology spending. Read the FierceHealthcare article