House Ways and Means Health Subcommittee announces March 6 hearing on IPABCongress and IPAB Wednesday, February 29th, 2012
House Ways and Means Health Subcommittee Chairman Wally Herger (R-CA) today announced that the Subcommittee on Health will hold a hearing to examine how the Independent Payment Advisory Board (IPAB) will impact the Medicare program, its beneficiaries, and health care providers. The hearing will take place on Tuesday, March 6, 2012, in 1100 Longworth House Office Building, beginning at 10:00 A.M.
In view of the limited time available to hear from witnesses, oral testimony at this hearing will be from invited witnesses only. However, any individual or organization not scheduled for an oral appearance may submit a written statement for consideration by the Committee and for inclusion in the printed record of the hearing. A list of witnesses will follow.
The health care overhaul created IPAB to “reduce the per capita growth rate in Medicare spending.” This 15-member board, which will consist of unelected, Presidentially-appointed members, will make recommendations as early as January 15, 2014, to cut Medicare spending if the per capita Medicare spending rate is expected to exceed an economic growth rate over a five-year period. IPAB’s recommended Medicare cuts are “fast tracked” in Congress and will go into effect unless Congress amends IPAB’s recommendations with legislation that produces the same level of savings. Read More