INDEPENDENT MEDICARE ADVISORY BOARD
– Section 3403: Independent Medicare Advisory Board
– The purpose of this section is to reduce the per capita rate of growth in the Medicare program.
– If the projected growth rate exceeds the target growth rate for any year (after 2017 the target rate is the nominal gross domestic product per capita growth rate plus one percent), the Board will submit recommendations to reduce the growth rate, and the Secretary will implement the recommendations unless Congress acts.
– The Board may develop and submit advisory reports that may, in years prior to 2020, include recommendations for improvements to payment systems.
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