Peter Orszag Explains the Mechanics, Fiscal Benefits of ObamaCare's Death Panel

Good call on that ‘Lie of the Year‘, Politifact. You really nailed that one!

Oh, but hold on – now we learn from Peter Orszag* it will take an act of Congress and the President’s signature (on a case-by-case basis) to override decisions made by ObamaCare’s main death panel.

Sorry, I meant to say the Independent Payment Advisory Board.

Because there are no death panels.

Remember that.

“I think folks have not really focused on the Medicare Commission – the Independent Payment Advisory Board – that’s created. This institution could prove to be far more important to the future of our fiscal health than, for example, the Congressional Budget Office. It has an enormous amount of potential power. So this Independent Payment Advisory Board has the power…it has the responsibility to put forward proposals to hit a pretty aggressive set of targets over the long term.

“And furthermore, the proposals take effect automatically, unless Congress not only specifically votes them down, but Congress specifically votes them down and the President signs that bill. So the default is now switched in a very important way on the biggest driver of our long-term costs, which is the Medicare program.

“Inertia now plays to the side of this independent board.”

h/t: Naked Emperor News via Breitbart.

*I’m going to play nice and avoid making cheap, obvious jokes about the man’s notorious hair-hat and his prepubescent, nasally, bureau-weenie voice.

Cross-posted to Dan Cleary.

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