Press Release: HHS Proposed Rule Offers Support for V-BID X Health Plans

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.

V-BID Interns2020-12-22T00:58:27+05:00May 7th, 2020|News, Press Releases|

Press Release: Families First Coronavirus Response Act Eliminates Cost-Sharing for COVID-19 Testing

Wasington, DC -- On Wednesday, the President signed the Families First Coronavirus Response Act (HR 6201) into law.  Among other stipulations, this legislation eliminates cost-sharing for COVID-19 testing.

V-BID Interns2020-04-01T19:40:21+05:00March 20th, 2020|News, Press Releases|

BREAKING NEWS: New CMS Model Dramatically Reduces Insulin-Related Out-of-Pocket Costs

Today, the Centers for Medicare & Medicaid Services announced a new model, Part D Senior Savings, dramatically reducing insulin-related out-of-pocket costs for 3 million Medicare beneficiaries.

V-BID Interns2020-05-08T02:23:35+05:00March 12th, 2020|News, Press Releases|

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.

Vbidcenter2020-04-01T19:42:53+05:00March 12th, 2020|News, Press Releases|

V-BID Principles Save Diabetics Over $1K

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.

Vbidcenter2020-02-20T02:06:24+05:00January 30th, 2020|News, Press Releases|

IlluminateHR Podcast Features V-BID Center founder, Dr. A Mark Fendrick

This week’s episode of IlluminateHR, an engaging Human Resources podcast, features the innovative concept that is value-based insurance design.

Vbidcenter2020-02-20T02:06:52+05:00January 20th, 2020|News, Press Releases|

Breaking: MA V-BID Enrollment Tripled for 2020 & New Opportunities for 2021

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.

V-BID Interns2020-01-17T20:50:51+05:00December 19th, 2019|News, Press Releases|

Press Release: Tradeoffs, a New Health Policy Podcast, Features V-BID

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.

V-BID Interns2020-02-14T21:22:27+05:00December 11th, 2019|News, Press Releases|

Press Release: US Treasury Announces HSA Guidance

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.

V-BID Interns2021-07-29T23:45:37+05:00July 17th, 2019|News, Press Releases|

Press Release: Chronic Disease Management Act of 2019 Introduced in Congress

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).

V-BID Interns2021-04-29T19:32:33+05:00July 15th, 2019|News, Press Releases|

Press Release: Executive Order, Senate Legislation Enable Innovation in HSA-HDHPs

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.

V-BID Interns2022-02-02T01:03:40+05:00June 24th, 2019|News, Press Releases|

CMS Announces Transformative Updates to MA V-BID Demo

Introducing V-BID 2.0: CMS Announces Updates to Medicare Advantage V-BID Demo January 18, 2019 -  The Centers for Medicare and Medicaid Services (CMS) announced transformative updates to the Medicare Advantage Value-Based Insurance Design (MA V-BID) model.  These changes aim to increase choice, lower cost, and improve the quality of care for Medicare beneficiaries. The model launched on January 1, 2017, and has since been expanded to include 25 states, 9 chronic conditions, Chronic Condition Special Needs Plans, and allows participants to propose their own systems or methods for identifying eligible enrollees.  Riding on the heels of the Bipartisan Budget Act of 2018, which included a directive to expand the model to all 50 states by 2020, today's release makes sweeping changes to the CY2020 model, including: Allows plans to provide reduced cost-sharing and additional benefits to enrollees in a more targeted fashion Bolsters rewards and incentives programs that plans can offer beneficiaries to [...]

V-BID Interns2020-01-28T19:32:41+05:00January 18th, 2019|News, Press Releases|

Press Release: V-BID Improves Medication Adherence Without an Increase in Total Health Care Spending

Basing patients' medication costs on the health benefits they'll get from a drug, rather than its price, means they're more likely to take it Excerpt from IHPI press release:"Taking a medicine every day in the hopes that it will prevent some long-range potential health catastrophe -- like a heart attack or kidney failure -- isn’t easy.Many people skip doses, or don’t refill their prescriptions on time, or at all. And plenty of studies have shown that the more patients have to pay for those prescriptions, the less likely they are to take them as directed.But new evidence shows the power of a method aimed at changing this behavior: insurance plans that charge patients less for the medicines that could help them most. Some plans even make some of the medicines free to the patients with certain conditions.In an article published in the July issue of Health [...]

V-BID Interns2020-01-27T08:33:11+05:00June 29th, 2018|News, Press Releases|
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