Projected Medicare expenditures for 2017 will not trigger IPAB action

June 28, 2016
According to a report released by Medicare’s trustees, Medicare’s trust fund will remain solvent until 2028. The report also noted that based on the projected spending levels for Medicare in 2016, the five-year average growth in spending will not exceed the level that would trigger the need for the Independent Payment Advisory Board (IPAB) to make recommendations on reducing Medicare expenditures. The IPAB, created under the Affordable Care Act (ACA), is tasked with containing Medicare costs if they exceed certain levels. No members have been appointed and spending has not yet exceeded the target at which recommendations would be required.

The IPAB is not the only piece of the ACA that has affected patients and physicians. The development of the health insurance marketplace has increased the number of insured patients — but the newly insured often have high-deductible plans. Read more about getting paid in the age of high deductibles in Dermatology World.