Explaining Health Reform: Medicare and the New Independent Payment Advisory Board
This brief describes how the new board created under the 2010 health reform law is expected to limit the growth in Medicare spending over time. Starting in 2014, if projected per capita Medicare spending exceeds targets set in the law, the board must recommend ways to reduce Medicare spending, while maintaining quality and access to care for beneficiaries. The board’s recommendations automatically take effect the next year unless Congress adopts an alternative plan to achieve an equivalent level of savings.
The brief examines the structure and processes of the board and outlines the key dates in the board’s operations through 2019.
Issue Brief (.pdf)
An April 2011 report provides an in-depth analysis of the Independent Payment Advisory Board, how it will control Medicare costs, and its implications for Medicare
Setting Medicare Payment Policy: Is There a Role for an Independent Entity? – October 2009 (.pdf)
also of interest
- Medicare at a Glance
- Kaiser Family Foundation Resources on Deficit-Reduction Debate
- Seniors' Knowledge and Experience With Medicare's Open Enrollment Period and Choosing a Plan: Key Findings from the Kaiser Family Foundation 2012 National Survey of Seniors
- Prescription Drug Procurement and the Federal Budget