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.
Washington, July 13, 2016 - According to the American College of Physicians (ACP), consumer cost-sharing, particularly deductibles, may cause patients to forgo or delay care, including medically necessary services. ACP's position paper, "Addressing the Increasing [...]
This interactive timeline highlights the history of Value-Based Insurance Design (V-BID) from the conception of clinically nuanced cost-sharing to the implementation of V-BID principles into private and public health plans across the country.
Dr. A. Mark Fendrick, Director of the Center for Value-Based Insurance Design (V-BID), recently traveled to mainland China to present at the Chinese Economic Society's Roundtable Discussion on precision medicine, the China-US Precision Medicine Industry [...]
On Monday, April 4, Health Affairs reported that one state's Value-Based Insurance Design employee insurance program, which was designed to improve health while reducing costs, has successfully encouraged more use of screenings and preventive services, increased medication adherence [...]
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 The American Journal of Managed Care investigated the potential [...]
On Tuesday, February 23rd, 2016, Dr. A. Mark Fendrick, V-BID Center Director, 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 [...]
On Tuesday, February 9th, Dr. A. Mark Fendrick, V-BID Center Director, testified before the Michigan Senate Appropriations Subcommittee on Health and Human Services in Lansing, Michigan. Dr. Fendrick discussed opportunities to improve the health of [...]
On October 6/7, 2015, the University of Michigan Center for Value-Based Insurance Design held its 10th Anniversary V-BID Summit entitled: A Decade of Transforming the Health Care Cost Discussion from ‘How Much’ to ‘How Well.’
This interactive timeline highlights the numerous V-BID achievements in 2015. From the passing of legislation, to the announcement of a V-BID demonstration in Medicare Advantage, to a 10th Anniversary V-BID Summit, 2015 was a standout year for V-BID.
"Improving Consumers' Access to High-Value Health Care: Value-Based Insurance Design and alignment with delivery system reform" Senate Briefing Details SD-G11 Dirksen Senate Office Building Tuesday, July 21st 10:00 AM- 11:00 [...]
On Wednesday, December 9th, Dr. A. Mark Fendrick, V-BID Center Director, spoke at the Diabetes Prevention Program Payer-Provider Summit, hosted by the Center for Medicare and Medicaid Innovation. The summit brought together payers, providers, CMMI [...]
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 first student-created whiteboard video, Goldilocks Chooses a Health Plan. [...]
News Update: CMS Announces Medicare Advantage V-BID Model Test On September 1, 2015, the Centers for Medicare and Medicaid Services (CMS) announced a program to test Value-Based Insurance Design (V-BID) in Medicare Advantage (MA) plans. The program will examine the [...]
Washington, DC – The Strengthening Medicare Advantage through Innovation and Transparency for Seniors Act of 2015 (HR 2570) was passed by the US House of Representatives on June 17th. This bipartisan legislation includes a V-BID demonstration [...]
