Rep. Eric Cantor Leads GOP's Second Effort to Repeal IPAB
Mr. Cantor, House majority leader, wrote a letter to his GOP colleagues saying repealing the IPAB could garner Senate support despite objections from Senate Majority Leader Harry Reid (D-Nev.). "There are some issues that I suspect Sen. Reid will have a difficult time compelling his members to oppose outright," Rep. Cantor wrote, according to the report.
Beginning in 2015, the 15-member board is tasked to make recommendations on how to reduce Medicare spending. Those recommendations will automatically go into effect unless Congress doesn't agree with them. If that's the case, Congress is required to devise and pass its own cuts of equal size. Members of the board, which are President-appointed and Senate-confirmed, have not yet been named.
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