V-BID aligns patients' out-of-pocket costs with the value of services. These innovative plans are designed with the tenets of "clinical nuance", recognizing that 1) clinical services differ in the benefit health produced, and 2) the clinical benefit derived from a specific service depends on who receives it, who provides it, where it is provided. Our new video offers a visual guide to better understand clinical nuance.
Access to prescription drugs is a hot-button health care issue. The V-BID center proposes an innovative and dynamic benefit design - Reward the Good Soldier - that recognizes that individualized therapies are often needed to achieve desired health outcomes.
Watch this video of the US House of Representatives Ways and Means Health Subcommittee hearing on Preserving and Strengthening Medicare, held on March 16, 2016. The video features an opening statement and acknowledgement of Value-Based Insurance Design by Chairman Pat Tiberi, an endorsement for V-BID in Medicare by Congresswoman Diane Black, and expert testimony in support of this idea.
Dr. Mark Fendrick discusses how the Geisinger V-BID Program leads to savings by eliminating drug co-payments
A study published in the February 2016 issue of […]
On Tuesday, February 23rd, Dr. A. Mark Fendrick, Director of The Center for Value-Based Insurance Design, testified before the United States Senate Committee on Armed Services Subcommittee on Personnel. Dr. Fendrick discussed how the principles of value-based insurance design (V-BID) and clinical nuance can contribute positively to defense health care reform.
Choosing a Health Plan? Check out our new Whiteboard Video!
The University of Michigan Center for Value-Based Insurance Design (V-BID) is pleased to introduce our very […]
Despite large, innovative improvements in medicine, cost growth in healthcare is the main focus for healthcare reform. The V-BID Center proposes that we shift […]