- Proposal to cap “indirects” at 15%
- F&A costs pay for the utilities, infrastructure, regulatory and more
- NIH F&A do NOT cover the full cost. Universities already covering ~1/2
- NIH funding is the best ROI for any government spending at 2.4-fold!!
- In PA - $2.23B is converted to $5.2B in economic activity and 22,000 jobs
- Nationally, $47B from NIH fuels a $1.55T pharma and biotech industry
- Essentially ALL new drugs have their origin in science funded by NIH
- ~1.1-1.3M people employed by pharma/biotech. ~20-30% with PhD or MD
- We train 8-10,000 PhD and 29,000 MD each year fueling this workforce
- Privatizing science will make things more expensive
- All voices are important to support the NIH!!!
NIH Funding and F&A Costs