Official notice of the House Energy & Commerce Subcommittee on Health’s mark-up session on HR 452 to repeal IPAB, scheduled for Wednesday, Feb. 29 at 10:00am.Congress and IPAB Tuesday, February 28th, 2012
On Wednesday, February 29, 2012, at 10:00 a.m. in 2123 Rayburn House Office Building, the Subcommittee on Health will meet in an open markup session to consider H.R. 452, the “Medicare Decisions Accountability Act of 2011”.
On July 13, 2011, the Subcommittee on Health held a hearing examining the effects and consequences of the Independent Payment Advisory Board (IPAB).
PPACA established the IPAB to “reduce the per capita rate of growth in Medicare spending.”1 Under PPACA an annual process was established, to begin in 2013, whereby the Medicare spending growth rate is monitored and targets established. Working with the findings of the Actuary Office of the Centers for Medicare and Medicaid Services (CMS), the IPAB will eventually make annual proposals through the Department of Health and Human Services (HHS) to the Congress to obtain enabling legislation to set Medicare spending tied to the gross domestic product (GDP). By April 30 of each year—beginning in 2013—the Office of the Actuary at CMS will project whether the Medicare per-capita spending growth rate in the following two years will exceed a targeted rate. Initially, the targeted rate of spending growth will be based on the projected five-year average percentage increase in the Consumer Price Index (CPI) for all urban consumers and the Consumer Price Index for all urban consumers for medical care.
Official notice of the House Energy & Commerce Subcommittee on Health’s mark-up session on HR 452 to repeal IPAB, scheduled for Wednesday, Feb. 29 at 10:00am. (see attached pdf)