In the proposed 2021 Notice of Benefit and Payment Parameters rule, released on January 31, 2020, the Department of Health and Human Services (HHS) declared broad support for the inclusion of V-BID principles in marketplace health plans.
This update features policy developments, media reports, and events supporting continued momentum for multiple V-BID Center initiatives from mid-December, 2019 through the end of January, 2020.
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.
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.
December 19, 2019 – Today, the Centers for Medicare and Medicaid Services (CMS) announced strong participation in the Medicare Advantage Value-Based Insurance Design (MA V-BID) model and released information on Medicare hospice benefits in CY 2021.
This December, the Center for Value-Based Insurance Design was featured in the publications of The Health Care Blog and Fierce Healthcare.
This week’s episode of TradeOffs, a new national podcast that brings listeners engaging stories about our toughest health policy challenges, will highlight the V-BID story, from its conception at an Ann Arbor restaurant to major policy achievements in Washington, DC.
This update features policy developments, media reports, and events supporting continued momentum for multiple V-BID Center initiatives from late October of 2019 through mid-December 2019.
This update features policy developments, media reports, and events supporting continued momentum for multiple V-BID Center initiatives from July of 2019 through mid-October 2019.
July 17, 2019 — In response to a June Executive Order, the U.S. Department of the Treasury released Notice 2019-45, a guidance allowing HSA-HDHP plans the flexibility to cover specified medications and services used to treat chronic diseases prior to meeting the plan deductible.
Senators John Thune (R-SD) and Tom Carper (D-DE), introduced the Chronic Disease Management Act of 2019 in the Senate (S. 1948), followed by the introduction of the companion bill in the House of Representatives (H.R. 3709) by Representatives Earl Blumenauer (D-OR) and Tom Reed (R-NY).
This update features policy developments, media reports, and events supporting continued momentum for multiple V-BID Center initiatives from mid-February to early July 2019.
On June 24, 2019, President Trump signed an executive order, and Senators John Thune (R-S.D.) and Ben Carper (D-DE) introduced bipartisan legislation that allow health savings account eligible high-deductible health plans (HSA-HDHPs) the flexibility to cover essential medications and services used to treat chronic diseases prior to meeting the plan deductible.
On Tuesday, May 7, 2019, Dr. A. Mark Fendrick, MD, Director of the Center for Value-Based Insurance Design (V-BID), spoke at the HealthCare 21 Business Coalition’s annual forum in Knoxville, TN.
