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New healthcare challenges coming in 2013 (Get ready for more premium increases due to Obamacare)
the hill ^ | 10/25/2012 | Phil Roe
New healthcare challenges coming in 2013 - The Hill's Congress Blog
the hill ^ | 10/25/2012 | Phil Roe
New healthcare challenges coming in 2013 - The Hill's Congress Blog
As 2012 comes to a close, we face many challenges: averting the fiscal cliff that could send us spiraling back into a recession, tackling our crippling deficit and the dire need to balance our budget. But equally worrisome are the sweeping changes coming to our health care system in the new year.
These changes include: more premium increases, the Independent Payment Advisory Board (IPAB) starting to look for ways to cut Medicare, payment cuts to physicians, and the cuts to Medicare required by the presidents so-called Affordable Care Act (ACA).
According to the Kaiser Family Foundation, premiums for the average family in 2012 rose by more than 4 percent an increase of nearly $700. This increase is due, in part, to the ACA, and breaks a promise made by the president to lower premiums for families by $2,500.
Next, the Independent Payment Advisory Board (IPAB) an unaccountable new bureaucracy that can effectively ration Medicare services will become fully operational. On April 30, 2013, Medicares Chief Actuary will make a determination as to whether Medicare spending will exceed an arbitrary target set by formula. In the event that spending grows faster than the target, the IPAB can propose spending reductions within Medicare that can go into effect without Congressional approval or judicial review. I believe this could ultimately lead to beneficiaries being denied certain procedures because the IPAB deems them as too expensive.