Health Care Policy Update: Health Care Policy Weekly Update and Outlook

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Health Care Policy Update: Health Care Policy Weekly Update and Outlook

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Health Care Policy Update

Health Care Policy Weekly Update and

Outlook

Government Regulations

Reconciliation 3.0 Begins in the House – But, Does Not 20 July 2026

Include any Offsets or Healthcare Reforms High Yield Credit

On July 16, the House Budget Committee passed a budget resolution to provide the United States

framework for a potential Reconciliation 3.0 bill. The resolution includes instructions to Washington Healthcare

provide for a total of $95 billion, including $12 billion agriculture payments, $73 billion

in defense and intelligence funding, and $10 billion for voter integrity programs. Table of Contents

Importantly for healthcare interests, it does not include any offsets or requirements for

any healthcare committees to produce savings. We note that the outlook for a Health Care Policy Events for the Week 2

Reconciliation 3.0 remains uncertain, as the Budget resolution will need to pass both the

House and Senate, and then a Reconciliation bill will need to move through Congress.

Andrew B. Bressler, CFA

The House plans to vote on this Budget resolution this week. Research Analyst

BofAS

House E&C Health Subcommittee Hearing on Maintaining +1andy.b.bressler@bofa.com202 442 7454

Leadership in Biomedical Innovation

On July 15, the House Energy & Commerce Health subcommittee held a hearing on Abbreviations

“Maintaining America’s Leadership in Biomedical Innovation: FDA’s Role in Advancing U.S. CMS: Centers for Medicare and Medicaid

Drug Development.” The hearing discussed concerns of the FDA and the biopharma Services

industry to help increase research and drug development. Democratic highlighted the

HHS: Health and Human Services