Ann Arbor, MI -- If you've tried to see a doctor, fill a prescription or get a diagnostic test lately, you've probably had to pay more out of your own pocket than you would have even a few years ago. Most insurance plans have increased [...]
This update features policy developments, media reports, and events supporting continued momentum for multiple V-BID Center initiatives.
V-BID Center Director, A. Mark Fendrick, MD, and Executive Director of the National Forum, John Clymer The National Forum for Heart Disease & Stroke Prevention annually recognizes individuals and organizations who have made exceptional contributions to heart disease and stroke prevention by effecting policy change on a national, state, or local level. The V-BID Center was recently honored with the 2017 National Forum Public Policy Award for “advancing value-based care and prevention through legislation and executive policy making. The Center’s development of policy proposals and persistence in educating policy makers has led to action by both Congress and the Administration, resulting in more people benefiting from high-value health care.” Previous recipients of the award include Partnership for Prevention, Claudia Louis of the American Heart Association, and Senator Tom Harkin.
New Alexander-Murray bipartisan bill includes V-BID Senators Lamar Alexander (R-TN) and Patty Murray (D-WA) reached an agreement on Tuesday, October 17th regarding their bipartisan bill to fund key insurance subsidies. The cost-sharing reduction payments reimburse insurance companies for lowering deductibles, co-payments and other out-of-pocket costs for low-income customers. Page 11 of the draft bill language includes a section on value-based insurance designs: "(iii) waivers encouraging or requiring health plans in such State to deploy value-based insurance designs which structure enrollee cost-sharing and other health plan design elements to encourage enrollees to consume high-value clinical services;" Value-Based Insurance Design (V-BID) is a potential solution built on the principle of lowering or removing financial barriers to essential, high-value clinical services and providers. V-BID plans align patients’ out-of-pocket costs, such as copayments and deductibles, with the value of services. These innovative programs are designed with the tenets of clinical nuance in [...]
Ann Arbor, MI -- If you've tried to see a doctor, fill a prescription or get a diagnostic test lately, you've probably had to pay more out of your own pocket than you would have even a few years ago. Most insurance plans have increased [...]
Study Identifies Unexpected Contributor to Rising Health Costs: Low-Cost Services As the U.S. health care system searches for ways to cut costs while improving quality, new research published in the October 2017 issue of Health Affairs indicates that addressing low-cost, low-value services may go a long way toward reducing overall health care expenditures. The paper, titled "Low-Cost, High-Volume Health Services Contribute The Most To Unnecessary Health Spending," was co-authored by Value-Based Insurance Design Center Director, Dr. A. Mark Fendrick, and details a UCLA-led study that investigated the financial impact of forty-four low-value health services in the Commonwealth of Virginia. The researchers found that the state spent more than $586 million on unnecessary health care in 2014, and low-cost services accounted for nearly two-thirds of this amount. As pointed out by the authors, "The cost distribution of low-value care should have important implications for policy makers, health care systems, [...]
September 26, 2017 - Today, the United States Senate passed S. 870, Creating High-Quality Results and Outcomes Necessary to Improve Chronic (CHRONIC) Care Act of 2017, a bipartisan bill to strengthen and improve health outcomes for Medicare beneficiaries living with chronic conditions. Among the recommendations is the expansion of the Medicare Advantage V-BID demonstration to plans in any state. BILL SECTION 301. ADAPTING BENEFITS TO MEET THE NEEDS OF CHRONICALLY ILL MEDICARE ADVANTAGE ENROLLEES UNDER MEDICARE ADVANTAGE. Under Medicare Advantage (MA) private health plans are paid a per-person monthly amount to provide all Medicare-covered benefits (except hospice) to beneficiaries who enroll. Unlike original Medicare, where providers are paid for each item or service provided to a beneficiary, an MA plan receives the same capitated monthly payment regardless of how many or few services a beneficiary actually uses. The plan is at-risk if aggregate costs for its enrollees exceed program payments and [...]
The Hill Blog Post Highlights HSA-HDHP Reform On August 26, 2017, The Hill blog featured an Op-Ed written by V-BID Director, Dr. A. Mark Fendrick […]
This update features policy developments, media reports, and events supporting continued momentum for multiple V-BID Center initiatives.
Ann Arbor, MI -- If you've tried to see a doctor, fill a prescription or get a diagnostic test lately, you've probably had to pay more out of your own pocket than you would have even a few years ago. Most insurance plans have increased [...]
V-BID Spring update: Congressional testimony on Medicare, HSA reform, precision medicine and more...
On Wednesday, June 7th, Dr. A. Mark Fendrick, V-BID Center Director, testified before the Committee on Ways and Means, Subcommittee on Health hearing on Promoting Integrated and Coordinated Care for Medicare Beneficiaries. Dr. Fendrick discussed how the principles of value-based insurance design (V-BID) and clinical nuance can contribute positively to Medicare Advantage. Learn more about V-BID in Medicare Advantage To view the full hearing, click here. Additional testimony materials available below: Learn more about V-BID in Medicare Advantage
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 [...]
As Washington grapples with the fate of the Affordable Care Act, a pair of health care researchers has proposed a new way to design health insurance plans [...]
President Signs Defense Bill Authorizing TRICARE V-BID Pilot On Friday, December 23rd, 2016, the President signed a $619 billion defense bill that calls for a pilot program to demonstrate and test the feasibility of incorporating Value-Based Insurance Design into the TRICARE program. The pilot aims to improve health outcomes and enhance the experience of care for U.S. Armed Forces military personnel, military retirees, and their dependents. Section 701: (1) IN GENERAL -- Not later than January 1, 2018, the Secretary of Defense shall carry out a pilot program to demonstrate and assess the feasibility of incorporating value-based health care methodology in the purchased care component of the TRICARE program by reducing copayments or cost shares for targeted populations of covered beneficiaries in the receipt of high-value medications and services and the use of high-value providers under such purchased care component, including by exempting certain services from deductible [...]
