OPINION: Perspective on the $215 Million Precision Medicine Initiative

Obama’’s $215 Million Precision Medicine Initiative: Will Congress Fund It and Can It Advance Genetic Testing and the Value of Clinical Laboratory Services? -– March 23, 2015, By Patricia Kirk, Dark Daily

Led by the National Institutes of Health (NIH), the President’s Initiative would fund research and facilitate collaborative public-private efforts to leverage advances in genomics. It would involve stakeholders in healthcare as well as the Food and Drug Administration (FDA), Health and Human Services (HHS), and the Office of the National Coordinator for Health Information Technology (ONC)…The funding would get divided three ways……

G2X TAKE: This piece does a really good job of breaking down the specific funding for the Precision Medicine Initiative by agency and provides an excellent overview and perspective. The big IF here is whether Obama is actually able to secure the required funding as it “must be approved by a Congress that is at odds with the President on nearly every issue. Additionally, The American Clinical Laboratory Association (ACLA) warns that the Food and Drug Administration’s (FDA) 2014 announcement to regulate laboratory developed testing services (LDTs) is in conflict with the President’s initiative.” This work is groundbreaking, and while it is unclear how much of this will be parsed out to not-for-profits and the private sector, there will be plenty of interest from the Fed Health IT community. 

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