No Congress in Medicare Please

As this post in a WSJ blog states, the CEO's of Mayo and John Hopkins have given their opinion in an op-ed piece for the Chicago Tribune requesting Congress to but out of Medicare. They would like Congress to have less oversight and control, and instead, want to have a board providing guidance instead. To quote the article:

Decisions about coverage and payments are inappropriately subject to political influences and inefficiencies. Why should Congress spend time debating how much Medicare should pay for the rental of oxygen supplies? A non-political board could better fulfill the role of overseeing Medicare. The board should function like the Federal Reserve—with independent authority, but reporting to Congress.