This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

AUA Joins IPAB Repeal Coalition In Endorsing The "Protecting Seniors' Access To Medicare Act Of 2013"

Coalition also renews commitment to repeal IPAB

LINTHICUM, Md., Jan. 23, 2013 /PRNewswire-USNewswire/ -- The American Urological Association (AUA) today joined 25 other medical organizations in announcing support of the Protecting Seniors' Access to Medicare Act, introduced by Reps. Phil Roe, M.D. (R-TN) and Allyson Schwartz (D-PA). The bipartisan bill would repeal the Independent Payment Advisory Board (IPAB).

Established by the Affordable Care Act, the IPAB is an unelected and unaccountable body of 15 persons tasked with developing ways to reduce Medicare spending and is slated to begin work as early as April 30, 2013. As presently structured, the IPAB cannot include any practicing physicians, presenting a worrisome absence of insight into the needs of patients and physicians alike. Alarmingly, the board is not subject to administrative or judicial review and lacks the typical Congressional oversight requirements of transparent hearings, debate and meaningful opportunities for critical stakeholder input. Any IPAB proposal automatically carries the effect of law unless Congress acts within an extremely limited statutory "fast track" time frame, or unless three-fifths of the Senate votes to override the board. If the IPAB fails to offer a proposal or never becomes operational, its power to cut Medicare spending mandatorily is placed solely in the hands of the Secretary of the U.S. Department of Health and Human Services.   

"The IPAB has the potential to be far-reaching and have devastating effects for patients and physicians, who are already struggling under reimbursement cuts from the sustainable growth rate (SGR) formula," said Dr. David F. Penson, M.D., MPH, AUA Health Policy Chair. "Meaningful healthcare reform is about more than simply cutting costs -- it's about generating savings through long-term delivery system reforms."

"We applaud and thank Dr. Roe and Congresswoman Schwartz for their leadership on this issue and we hope that this legislation is a priority in the coming months."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,180.32 -99.42 -0.58%
S&P 500 1,991.99 -18.41 -0.92%
NASDAQ 4,516.5160 -63.2730 -1.38%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs