National Coalition on Health Care Reports Cites V-BID as a “Game-Changer”
November 2012, Ann Arbor, MI In their plan for health and fiscal policy, the National Coalition on Health Care (NCHC) refers to value-based insurance design (V-BID) as a "game-changer", putting the concept of value in insurance design at the forefront of ideas that could address fiscal challenges and transform health system incentives. Released earlier this month, the NCHC plan was written after a year of intensive discussions with health experts and others involved in health care delivery. The plan recommends a policy framework for curbing costs without sacrificing quality and explicitly cites V-BID for its ability to "give consumers incentives to seek out the highest value care." The report references V-BID Center Director Dr. Mark Fendrick's testimony before the Senate Committee on Health, Education, Labor, and Pensions, and suggests that Congress "implement MedPAC's recommendation to empower the Secretary of Health and Human Services (HHS) to vary cost-sharing based on [...]