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.
Lowering health care expenditures and ensuring access to high quality medical care for Medicare beneficiaries is a health policy priority. Value-Based Insurance Design (V-BID) is an innovative approach to consumer cost-sharing that can improve quality of care and potentially lower costs in the Medicare Program. V-BID plans are designed with the tenants of clinical nuance, recognizing that the clinical benefit derived from a specific service depends on the consumer using it, as well as when, where and by whom the service is provided. The most significant opportunity for V-BID implementation lies in the Medicare Advantage (MA) program.
On July 24th, 2019, the V-BID Center co-hosted the webinar VBID X: A New Plan Option for the Individual Health Insurance Market, with the Harvard Healthcare Markets & Regulation Lab.
White House Report Urges Broader Coverage for Chronic Diseases in HSA-Qualified High-Deductible Health Plans
White House Report Urges Broader Coverage for Chronic Diseases in HSA-Qualified High-Deductible Health Plans On December 3rd, 2018, the White House released its 119-page report, Reforming America's Healthcare System Through Choice and Competition. In this report, HHS, in collaboration with the Department of Treasury, Labor, the FTC, and the White House, sets forth many formal recommendations aimed toward developing a better health care system. The report highlights the need for HSA reform and, more specifically, advocates for the expansion of the scope of preventive care and chronic condition services covered before the minimum deductible is met. An excerpt from pages 82 and 83 is included below: "As noted above, an additional constraint on the availability and use of HSAs is the requirement that HSA-qualified plans can only provide certain preventive care benefits before the minimum deductible is met. Reconsideration of the scope of [...]