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Detailed text transcripts for TV channel - FOXNEWS - 20110423:08:16:00

Not materialize until 2021. we will slow the growth of medicare cost by strengthening the independent commission of doctors, nurses, medical expert and consumers. last week, president obama sought to bolster ipab authority asking congress to rewrite the law so the trigger for the panel recommendation to kick in would be cost growth of only half a percentage point. the ipab is a back stop. it s something that will be used if the other initiatives like quality initiatives and better drug control, cost control don t work. i think this is a way of putting to the test the kind of failsafe to keep the budget in balance, as much as possible. keep the deficit chipping, being chipped away at. reporter: ipab won t spring to life until 2013. on january 15 of the following year and every year on that date for the next four years it will submit to congress its recommendations for curbing growth in medicare cost. if congress acts to achieve ....

President Obama , Ipab Authority , Cost Control Dont Work , Percentage Point , Drug Control , Back Stop , Independent Payment Advisory Board , Deficit Chipping , Ipab Wont Spring To Life , January 15 ,

Detailed text transcripts for TV channel - FOXNEWS - 20110422:22:16:00

Medicare cost by strengthening the independent commission of doctors, nurses, medical expert and consumers. last week, president obama sought to bolster ipab authority asking congress to rewrite the law so the trigger for the panel recommendation to kick in would be cost growth of only half a percentage point. the ipab is a back stop. it s something that will be used if the other initiatives like quality initiatives and better drug control, cost control don t work. i think this is a way of putting to the test the kind of failsafe to keep the budget in balance, as much as possible. keep the deficit chipping, being chipped away at. reporter: ipab won t spring to life until 2013. on january 15 of the following year and every year on that date for the next four years it will submit to congress its recommendations for curbing growth in medicare cost. if congress acts to achieve the same goal, ipab ....

President Obama , Ipab Authority , Cost Control Dont Work , Percentage Point , Drug Control , Back Stop , Independent Payment Advisory Board , Deficit Chipping , Ipab Wont Spring To Life , January 15 ,