“President Obama’s health reform law doesn’t offer much encouragement, for two primary reasons: its Independent Payment Advisory Board (IPAB) and Patient-Centered Outcomes Research Institute (PCORI).
Comprised of 15 health care experts who have yet to be appointed by the president, IPAB is charged with finding ways to reduce cost growth in Medicare starting in 2013.
IPAB will set target growth rates for Medicare. If spending on the entitlement exceeds those rates, then the panel will make cost-cutting recommendations.”