Friday, May 7, 2010

ObamaCare: A NICE Kettle Of Fish - IBD - Investors.com

ObamaCare: A NICE Kettle Of Fish - IBD - Investors.com

With the presidential ink not quite dry on the health overhaul legislation, Republicans and their conservative allies promise to repeal it. That could prove a long battle, one that could stretch out for years.

But opponents of the administration's plan should take heart. One of its main proposals is on the cusp of being repealed. Not here in America, but across the Atlantic in the United Kingdom.

With health costs spiraling, one of the core ideas of the White House's health takeover is the creation of an independent body of experts to steer clinical decisions.

IPAB, the Independent Payments Advisory Board, is founded on the belief that Washington bureaucrats can help manage health care decisions, adjusting Medicare payments to reward excellence and punish waste.

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