On Thursday, July 13, the Biotechnology Innovation Organization along with Biocom, Bio NJ, Bio Utah, CLSA, and other health organizations, co-hosted a congressional briefing at the House of Representatives in Washington, DC. Discussion surrounded the cost and value of prescription medicines to patients, caregivers, and our health care system.Dr. A. Mark Fendrick, MD, Director of the Center for Value-Based Insurance Design (V-BID), gave a presentation on value-based medicine and drug pricing and savings in healthcare.View the resources below for more information on V-BID and Precision Medicine.
Value-Based Insurance Design: An Innovative Approach to Improve Medicare Advantage, Health Savings Accounts, and TRICARE Washington, DC: On Tuesday, February 7, Representatives Diane Black (R-TN) and Earl Blumenauer (D-OR) convened a bipartisan briefing on the role of Value-Based Insurance Design (V-BID) in Health Savings Accounts, Medicare Advantage, and Tricare. V-BID Center Co-founders A. Mark Fendrick, MD, and Michael Chernew, PhD, discussed the role of V-BID as a bipartisan, multi-stakeholder solution to improve quality, enhance consumer experience, and lower costs. In their introductory remarks, Congressmen Black and Blumenauer highlighted the rare bipartisan support for V-BID and praised its role in improving the health of Americans and lowering health care spending. Both were enthusiastic about partnering on bipartisan legislation to expand V-BID in private and public payers. Access to quality medical care and containing health care expenditures are among the most pressing issues for our military personnel, our national well-being and economic security. Understanding how commercial [...]
"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 AM (Continental breakfast available at 9:45) RSVP to: Arielle Zina at email@example.com Senate Briefing Invitation House Briefing Details 1539 Longworth House Office Building Tuesday, July 21st 2:30 PM- 3:30 PM (Light lunch and appetizers available at 2:15) RSVP to: Arielle Zina at firstname.lastname@example.org House Briefing Invitation V-BID Materials MA Materials HDHP Materials
February 21, 2014 - We are pleased to announce that Representatives John Dingell (D-MI) and Diane Black (R-TN) will convene a briefing on the role of V-BID in Medicare on Capitol Hill, Friday, February 28th. Center Director, A. Mark Fendrick, MD, will present V-BID as an incremental solution to the health and economic well-being of Medicare Beneficiaries and all Americans. Understanding how the Medicare system could spend more efficiently and improve the health of beneficiaries offers an important step forward to ensure the program's solvency. V-BID has been included in major bipartisan health reform proposals, including a prominent role in the Wyden-Isaacson 'Better Care, Lower Cost Act' introduced last month. Value-Based Insurance Design (V-BID) programs are designed with the tenets of clinical nuance in mind. Clinical nuance recognizes that 1) medical services differ in the amount of health produced, and 2) the clinical benefit derived from a [...]