Budget pressures now force the National Institutes of Health to reject half of worthwhile research proposals, putting scientific progress at risk and leading bright U.S. minds to consider relocating.
The NIH budget peaked in fiscal year 2010 at $31.2 billion, falling to $30.15 billion for fiscal year 2014.
Due to inflation, the NIH budget has lost 25% of its purchasing power over the last decade, Collins says.