The Road to IPAB
by Devon Herrick
March 21, 2012
As focus turns towards the oral arguments in the Supreme Court on the constitutionality of certain provisions in the 2010 health care law, another provision in the law, the Independent Payment Advisory Board (IPAB), has flown largely under the radar.
“I believe this commission is the largest yielding of sovereignty from the Congress since the creation of the Federal Reserve,” said Peter Orszag. Mr. Orszag, former Director of the Office of Management and Budget, made this comment in reference to IPAB, which was created under the 2010 law.