Here's how President Obama answered a question concerning a woman's elderly mom and the end-of-life counseling she would be have been provided by ObamaCare's 1233 panel (what Sarah Palin refers to as a 'Death Panel'):
[Q] My mother had a pacemaker implanted when she was 99 and is still alive today at 105. Would ObamaCare take into consideration my mother's spirit, her joy of life?[Obama] The 1233 panel will be instituted to ensure that she and her doctor(s) know that an option exists that would save money if only she would just take a pain-killer.
You can see the whole dialog on video.
Anyway, President Obama is entirely correct. The only function of the 1233 panel is to provide financial incentives for health-care providers to save money by "counseling" alternatives other than expensive, end-of-life care.