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In the Patient Protection and Affordable Care Act of 2010, Congress enacted record-breaking provider payment cuts, plus hard caps on the growth of Medicare spending for the very first time in the program’s history. Under the new law, Congress created the Independent Payment Advisory Board (IPAB) to enforce “specific and detailed” provider payment cuts to meet Medicare spending targets, based on measures of inflation and economic growth. Medicare spending has historically outpaced the measure of general inflation, medical inflation and economic growth. These new policies, if they are sustained over the next ten years, can have far reaching consequences for Medicare doctors, patients and American taxpayers. Will these measures be effective? How will they impact physician participation and patient access to care? Is there any way that Medicare patients can avoid higher premiums, higher costs or access problems? Will alternative Medicare payment options have a better chance of success in controlling costs and improving patient access to high quality care? These and other pressing questions will be addressed by two nationally prominent health policy analysts.
More About the Speakers
Gail Wilensky Ph.D.
Senior Fellow, Project Hope
James C. Capretta
Senior Fellow, Ethics and Public Policy Center
Robert E. Moffit, Ph.D.