Leading the charge is the Independent Payment Advisory Board, governed by 15 “experts” appointed by the president and confirmed by the Senate. Established to control Medicare costs, IPAB possesses the raw power to force Congress to legislate via its “fast track authority”: IPAB’s financial targets must be enacted into law by August 15 of each year, beginning in 2014. Not only that, if Congress refuses to legislate the level of cost containment demanded by IPAB )or if the president vetoes the bill), IPAB’s original recommendation is automatically imposed.
Weekly Standard
“Power Grab: Our technocratic future”
October 1, 2012
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