Medicare escaped another round of sequester-like cuts late Tuesday because the program grew far slower then it has in previous years.
One of the new tools to reduce costs in the Patient Protection and Affordable Care Act is the Independent Payment Advisory Board (IPAB), which every year is charged with making recommendations to Congress on ways to improve Medicare while reducing cost.
If Medicare’s growth exceeds certain established targets, the IPA B’s proposals to reduce costs are automatically enacted for the next fiscal year, unless Congress steps in and finds other ways to make the reductions.
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