National Clinician Scholars Program Enhancing Access & Affordability to Essential Clinical Services On Wednesday, July 15th, 2020, Dr. A. Mark Fendrick, MD, Director of the Center for Value-Based Insurance Design (V-BID), gave a lecture to the University of Michigan IHPI National Clinician Scholars Program in Ann Arbor, MI. His presentation, entitled, "Enhancing Access & Affordability to Essential Clinical Services", is available below. Dr. Fendrick's Presentation
Precision Patient Assistance Programs to Enhance Access to Clinically Indicated Therapies: Right Drug, Right Time, Right Cost-Share
Precision Patient Assistance Programs to Enhance Access to Clinically Indicated Therapies: Right Drug, Right Time, Right Cost-Share Cost-Sharing and its Consequences Consumer cost-sharing for medical care and medications is high and getting higher. The average deductible for employer-sponsored single coverage increased by more than 250% between 2006 and 2016, and is now nearly $1,500.1 Even after any applicable deductible has been satisfied, patients are often liable for high copayments and coinsurance. The average copay or coinsurance for a fourth-tier drug in employer-sponsored coverage was $102 in 2016. In 2016, more than 25% of Medicare beneficiaries spent 20% or more of their income on out-of-pocket health care costs,2 with a significant share of this spending devoted to coinsurance of 25-33% for specialty medications. Most Medicare Part D beneficiaries taking a single specialty drug will pay no less than $2,000 over the course of one year[a].3 For Medicare Part [...]
On April 10, 2020 at 12PM EDT, the V-BID Center's A. Mark Fendrick will virtually present at the University of Michigan Department of Internal Medicine Grand Rounds.
BREAKING NEWS: IRS Responds to COVID-19 by Eliminating Cost-Sharing for Screening, Testing, and Vaccination
Breaking News: On March 11, 2020 IRS issued guidance (Notice 2020-15, High Deductible Health Plans and Expenses Related to COVID-19) confirming that health plans and employers may reduce or eliminate cost-sharing for COVID-19 screening, treatment, and vaccination, including for Americans enrolled in high-deductible health plans coupled with Health Savings Accounts.
On March 25, 2020, leaders from across the country and the health care spectrum came together to discuss strategies for tackling some of the industry’s most relevant challenges at our virtual 15th anniversary Summit.
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.