Today, the Centers for Medicare & Medicaid Services announced a new model, Part D Senior Savings, dramatically reducing insulin-related out-of-pocket costs for 3 million Medicare beneficiaries.
V-BID SUMMIT 2020 Promoting Value. Inspiring Innovation. LIVE WEBINAR Wednesday, March 25 | 12-3:30 PM EST On behalf of the University of Michigan Center for Value-Based Insurance Design, we invite you to attend the 2020 Virtual V-BID Summit: Promoting Value, Inspiring Innovation.During this live webinar, a broad range of healthcare stakeholders from across the nation will address the opportunities and challenges of aligning payment reform and consumer engagement initiatives, confront the growing problem of underinsurance, examine the role of V-BID in public and private payers, and tackle the need to identify and reduce the use of low-value care. Their diverse expertise will drive the discussion as we pursue improved quality, enhanced patient experience, and cost-containment. The resulting information gleaned from this engaging dialogue promises to shape our work moving forward. As always, we hope these discussions promote innovative ideas and establish new and productive relationships. Register HERE VIRTUAL [...]
On March 12, 2020, the V-BID Center's A. Mark Fendrick presented at the Institute of Continuing Legal Education (ICLE) in Plymouth, MI.
On February 20, 2020, the V-BID Center's A. Mark Fendrick presented the V-BID model to the Health Resources and Services Administration's Advisory Committee on Interdisciplinary, Community-Based Linkages.
On February 13, 2020, the V-BID Center's A. Mark Fendrick presented at The National Academy of Medicine's Value Incentives & Systems Action Collaborative. His session identifies V-BID X as the template to guide organizations interested in incorporating cost-neutral, value-based principles into their plan benefit design.
This week, the cost-saving principles of V-BID have made headlines. Fortune Magazine highlights how the V-BID Center‘s successes in policy enable high-deductible insurance plans to cover the cost of essential services. Reuters News reports on how CVS is putting V-BID principles into practice with the launch of a new program.
On Thursday, January 30th, Dr. A. Mark Fendrick, MD and the V-BID Center hosted the webinar 'VBID X: A New Plan Option for the Individual Health Insurance Market' for the Northeast Business Group on Health. V-BID X is geared towards employers and serves a template to guide incorporation of the VBID model - cost-neutral, value-based principles - into the organization's plan benefit design.
Wednesday, January 29, 2020: Center for Value-Based Insurance Design + Smarter Health Care Coalition Summit
On Wednesday, January 29, Dr. A. Mark Fendrick, MD, Director of the Center for Value-Based Insurance Design (V-BID), delivered the closing address at the "Policy, Politics, and Progress" Summit.
On Thursday, January 23, Dr. A. Mark Fendrick, MD, Director of the Center for Value-Based Insurance Design (V-BID), presented at the University of Michigan's Healthcare Administration Scholars Program. This educational experience was designed for house officers interested in pursuing healthcare administration. Dr. Fendrick presented on value-based insurance design topics, including the impact of consumer cost-sharing, clinical nuance, translating research into policy, addressing unnecessary care, and aligning provider and consumer incentives. Click here to view Dr. Fendrick's presentation.
This week’s episode of IlluminateHR, an engaging Human Resources podcast, features the innovative concept that is value-based insurance design.
January 15, 2020-- Today, Senators John Thune (R-SD) and Tom Carper (D-DE), re-introduced the Chronic Disease Management Act in the United States Senate. Co-sponsored by Senators Kevin Cramer (R-ND), Martha McSally (R-AZ), Kyrsten Sinema (D-AZ), and Tina Smith (D-MN), this bill builds upon its previous version (S. 1948) and includes criteria from the 2019 IRS guidance and further increases the flexibility of HSA-HDHPs to cover chronic disease services on pre-deductible basis.
This December, the Center for Value-Based Insurance Design was featured in the publications of The Health Care Blog and Fierce Healthcare.
On Saturday, September 14th 2019, Michael Budros, Program Director of V-BID Health, spoke at the CSRO State Society Advocacy Conference.
On Friday, September 13th, 2019, Dr. A. Mark Fendrick, MD, Director of the Center for Value-Based Insurance Design (V-BID), spoke on the AHA CEO Roundtable conference call.
On Friday, September 6th, 2019, Dr. A. Mark Fendrick, MD, Director of the Center for Value-Based Insurance Design (V-BID), spoke at the SCV Employer Task Force meeting in Henrico, VA.