Consumer cost-sharing for prescription drugs is high and getting higher. To address the high out-of-pocket medication costs, patient assistance programs -- such as co-pay cards -- have become available to reduce consumers' financial liability. [...]
Access to prescription drugs is a hot-button health care issue. The V-BID center proposes an innovative and dynamic concept - Precision Benefit Design - that recognizes that individualized therapies are often needed to achieve desired health outcomes.
High-deductible health plans with a health savings account are increasing in popularity, but patients with chronic health conditions still struggle to afford the care they need. The Center for Value-Based Insurance Design proposes an innovative alternative to HSA-HDHPs, called the High-Value Health Plan.
The Center for Value-Based Insurance Design presents "Moving from Volume to Value: Aligning Providers and Consumers"
V-BID aligns patients' out-of-pocket costs with the value of services. These innovative plans are designed with the tenets of "clinical nuance", recognizing that 1) clinical services differ in the benefit health produced, and 2) the clinical benefit derived from a specific service depends on who receives it, who provides it, where it is provided. Our new video offers a visual guide to better understand clinical nuance.
Dr. Mark Fendrick discusses how the Geisinger V-BID Program leads to savings by eliminating drug co-payments A study published in the February 2016 issue of The American Journal of Managed Care investigated the potential [...]
On Tuesday, February 23rd, Dr. A. Mark Fendrick, Director of The Center for Value-Based Insurance Design, 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 nuance can contribute positively to defense health care reform.
Choosing a Health Plan? Check out our new Whiteboard Video! The University of Michigan Center for Value-Based Insurance Design (V-BID) is pleased to introduce our very first student-created whiteboard video, Goldilocks Chooses a Health Plan. [...]
Despite large, innovative improvements in medicine, cost growth in healthcare is the main focus for healthcare reform. The V-BID Center proposes that we shift the healthcare cost discussion from "how much" to "how well" through [...]
