1. A panel of bureaucrats whose task it is to examine everyone needing medical attention and decide who gets denied healthcare. Used as propaganda to scare old, confused, ignorant people into opposing healthcare reform, despite not actually existing in the bill.
2. Something that every health insurance company employs in order to cut costs.
Conservative #1 "I heard Obama wants to set up death panels to kill every baby and old person."
Conservative #2 "Death panels?! I hate that socialist. By the way, how's the cancer treatment coming?"
Conservative #1 "Not good, my insurance company dropped me because they don't want to cover it"
Conservative #2 "Let's go scream down a senate democrat at the town hall!"