Breaking: V-BID Included in Biden-Sanders Unity Task Force Recommendations
Washington, DC — On Wednesday, the Biden-Sanders Unity Task Force released a 110-page document detailing recommendations for key issues, including health care.
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.
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.
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.
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.
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 [...]
New CMS Rule Provides More Flexibility for V-BID Benefits in Medicare Advantage
New Cms Rule Provides More Flexibility for V-BID Benefitsin Medicare Advantage On April 16, 2018, CMS officially published their new rule for the Medicare program contract year 2019. This rule includes a reinterpretation of the [...]
Alexander-Murray Bipartisan Bill
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 [...]
June 7, 2017: Committee on Ways and Means Medicare Advantage Testimony
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 [...]
V-BID Congressional Briefing, February 7, 2017
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 [...]
CMS Expands Medicare Advantage V-BID Model; White Paper Supports Financial Feasibility
On August 10, 2016, the Center for Medicare and Medicaid Innovation announced changes to the Medicare Advantage Value-Based Insurance Design (MA-VBID) model. The MA-VBID model test is set to begin in January 1, 2017, at [...]
February 23, 2016: US Senate Committee on Armed Services
On Tuesday, February 23rd, 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 clinical [...]
CMS Announces Medicare Advantage V-BID Model Test
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 [...]
NEWS UPDATE: V-BID Medicare Advantage Bill Passes House of Representatives
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 [...]
UPDATE: MA V-BID Bill Passes Key House Committee
WASHINGTON, D.C. – The Preservation of Access for Seniors in Medicare Advantage Act of 2015 (HR 2581) was passed by the Ways and Means Committee on June 2nd. This legislation would require the Secretary of Health [...]