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Advisory committee approves phased inflation adjustments and 20% GME boost; adds hold‑harmless language
Summary
The Health‑Related Institutions Formula Advisory Committee approved phased inflationary increases across four major formulas and a 20% above‑inflation bump to the graduate medical education (GME) formula, and asked staff to include a hold‑harmless option for research F&A changes in the final report.
The Health‑Related Institutions Formula Advisory Committee voted to approve recommendations that would phase inflationary increases across four major formulas and raise the graduate medical education (GME) rate to address unfunded outpatient training costs.
Committee chair Kristen Mace opened the virtual meeting and asked the Charge 1 working group lead, Maureen Hill, to present the team’s recommendations. Hill said the work group proposes a standardized inflationary adjustment across the I&O (IN-O), infrastructure and research enhancement formulas based on the average medical Consumer Price Index since 2019 — “slightly…
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