As for the language in the act, it will be similar to what happens here in Canada. We recently had a woman with brain cancer - in her 30s, with 2 small children, who was not given medication that would prolong her life for 6 months to a year because the committee that evaluates "value for money" in provision of medical services determined that the benefit to the woman wasn't worth the hundreds of thousands of $ the drug would have cost the system. She died a few months ago, without ever getting the drug. In another situation, a young girl has been denied a drug for her condition because the cost is about $340,000 a month - the pharma is paying 50% and the father's insurance is paying another big chunk, but the family has to come up with $60,000 a month for the balance - they are doing it through fundraising now, but the government refuses to fund it until they can reach an agreement with the pharma to lower the costs.
These are the "death panel" type decisions that are made in the system that most liberals in America toss up as the ideal.