Starting in fiscal year 2015, if Medicare spending exceeds the established target, the Independent Payment Advisory Board (IPAB) — established by president Obama in 2010 — would send its cost reduction recommendations to Congress. By law, the secretary of health and human services is required to implement those recommendations unless Congress passes alternative cuts that curb spending.
The future of the IPAB is fuzzy, as Republicans and Democrats, alike, have their sights on killing it. Opponents argue that the board could end up rationing healthcare to seniors and would ultimately have control over Medicare. Obama has not yet nominated panel members, a move that’s likely awaiting the Supreme Court ruling on the Affordable Care Act.
This is a critical issue for all seniors and other Medicare beneficiaries. Do you want a law upheld that gives a board ultimate power over your ability to receive health care or your prescription medications? The issue is summarized brilliantly by Dick Morris, Bill Clinton’s 1996 campaign manager, in the following YouTube video. Please leave a comment with your thoughts.