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'Disastrously bad idea’; NIH slashes payments for scientific research
The U.S. National Institutes of Health is reducing the maximum indirect cost rate for research institutions to 15%, effective immediately, which scientists warn could harm the nation's research leadership.
NIH spent over $35 billion in Fiscal Year 2023 on grants, with $9 billion allocated to indirect costs, now capped significantly lower.
Dr. Theodore Iwashyna called the new policy 'a disastrously bad idea,' predicting it will devastate research funding and infrastructure.
Senator Patty Murray stated that the lowered indirect cost rate is illegal and warned it will hinder breakthroughs in biomedical research.