In today’s American Spectator, I vent my spleen on John Boehner and Mitch McConnell for their empty posturing regarding IPAB:
Last week, Speaker of the House John Boehner and Senate Minority Leader Mitch McConnell ostentatiously announced their intention to fight implementation of the Independent Payment Advisory Board (IPAB). They sent a letter to the President decrying the way IPAB will ‘impact America’s seniors … in the absence of the democratic process.’
Sadly, the exercise was a charade. McConnell and Boehner know perfectly well that Obama has no intention of setting up IPAB until after 2015.
Why not? Well, IPAB comes into play only if Medicare costs increase at a certain rate above the Consumer Price Index … As it happens, that is precisely what his new CMS actuary has reported. On April 30, acting actuary Paul Spitalnic advised his boss that “the projected 5-year Medicare per capita growth rate” won’t hit the trigger amount that would require the intervention of IPAB.
Boehner and McConnell have no doubt been planning for some time to make IPAB an issue in the 2014 midterms, and were caught flat-footed.
It’s time these hacks were put out to pasture. To read the rest of the column, click here.