New legislation would stop IPAB

Jan. 31, 2017
Sen. Ron Wyden (D-Ore.), ranking member of the Senate Finance Committee, has announced his plans to introduce a resolution and legislation that would prevent the Independent Payment Advisory Board (IPAB) process from moving forward. The IPAB — instituted as part of the ACA — consists of a 15-member panel of appointed officials that are tasked with containing Medicare costs if they exceed certain levels. Currently, no IPAB members have been appointed and spending has not yet exceeded the target at which recommendations would be required. However, the IPAB would remove congressional oversight of the Medicare program, sparking concerns across both sides of the aisle.