As the nation braces for cuts in federal spending, many New England Council members—from hospitals, to universities, to life sciences companies–are particularly concerned about funding for medical research. One member, The Conference of Boston Teaching Hospitals (COBTH), recently released a video, “Research Means,” that highlights the the impact that medical research has on the economy and patient care.
Should sequestration cuts go into effect, the National Institutes of Health (NIH) will face an 8.2 percent funding cut. More than 80% of the NIH’s funding is awarded through competitive grants to hospitals, universities, medical schools, and other research institutions in every state – including hundreds of organizations in New England. COBTH notes that the impact of these possible NIH cuts in New England would be significant, with nearly $300m in lost funding supporting 3300 jobs.
The “Reasearch Means” video features leaders from a broad range of organizations and businesses in our region who would feel the impact of NIH cuts. A number of NEC members are featured in the video, including :