2013 IPAB Determination

OFFICE OF THE ACTUARY, Centers for Medicare & Medicaid Services (April 30, 2013): Section 1899A of the Social Security Act requires the Chief Actuary of the Centers for Medicare & Medicaid Services (CMS) to determine by April 30, 2013 whether the projected 5-year average growth in per capita Medicare program spending exceeds a specified target. The 5 years to be used for a given determination year consist of the 2 prior years, the current year, and 2 following years; for 2013, therefore, the projected 5-year average will include growth rates from 2011 through 2015. For determination year 2013, the target is equal to the average of the projected 5-year average growth, ending in 2015, in the Consumer Price Index for All Urban Consumers (all items; United States city average) and the medical care expenditure category of the Consumer Price Index for All Urban Consumers (United States city average). Read More (pdf)


 

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