The IPAB is one of the few provisions of Democrats’ health law that would cut healthcare costs, and President Obama has asked that it be strengthened. But members of both parties have called for its repeal.
Eliminating the board would increase the deficit, but the letter points out that the longer lawmakers wait, the more expensive it will become to repeal it later — much like has happened with the Sustainable Growth Rate formula for physician payments.
“While we recognize the need to reduce the federal budget deficit and control the growth of health care spending, the IPAB is simply the wrong solution for addressing these budgetary challenges,” the letter concludes. “We need a workable alternative that adequately reimburses physicians and ensures that patients will have timely access to quality care.”