By Elise Viebeck - 10/23/12 05:06 PM EDT
"IPAB has the power to reduce what Medicare will pay doctors, hospitals, and other health care providers and their recommendations will have the force of law unless Congress enacts a law to stop them. ... This is an unprecedented power that has the potential to dramatically impact the availability (by limiting reimbursements) of care for the nation’s seniors," the report stated.
IPAB is tasked with cutting payments to Medicare providers if the program's per-capita spending becomes too great. The Affordable Care Act states that IPAB cannot "ration healthcare, raise revenues or Medicare beneficiary premiums … or otherwise restrict benefits."
Cantor's report also took up a cause from House Oversight Committee Chairman Darrell Issa (R-Calif.), who claims the Obama administration launched an $8 billion Medicare demonstration project to distract voters from the healthcare law's cuts to Medicare Advantage plans.
The report said the demonstration intends to "delay the impact of the cuts to Medicare included in the president's healthcare law until after the election" and challenged the administration's authority to launch it.
Federal health officials have said the pilot program will improve Medicare Advantage.
Cantor assembled the report with help from GOP committee staff and released it two weeks ahead of the election. The report came on the same day Obama released a glossy repackaging of his own policy proposals.