CENTER UPDATE | Late ApRil 2020

This update features policy developments, media reports, and new resources
supporting continued momentum for multiple V-BID Center initiatives.

covid policy

Click here to view recent COVID-19 related policy developments.

Click here to view recent news items relevant to V-BID.

Click here to view recent V-BID Center events.

New Resources: V-BID and the COVID-19 Pandemic

The core V-BID principle of reducing financial barriers to essential clinical care continues to be a consistent theme in the responses of the federal government, states, and private payers to the COVID-19 pandemic. View our updated infographic and new video summarizing these policies.

AJMC Editorial: Expanding Coverage for Essential Care

The COVID-19 pandemic has exacerbated the health care cost crisis in America, putting those with chronic conditions and low-incomes at the most risk. Swift implementation of V-BID reforms can increase access to needed care.

Michigan’s Health Insurers Agree to Provide Coronavirus Treatment at No Cost to Patients

Michigan announced that the state had reached an agreement with nearly all of its health insurers to waive patient costs for coronavirus treatment and testing.

Trump Administration Announces Expanded Coverage for Essential Diagnostic Services

On April 11, CMS issued guidance that antibody testing for COVID-19 will be available at no cost to privately insured Americans. The guidance also ensures coverage of other diagnostic testing and certain services provided during a medical visit.

UnitedHealthcare, Anthem to Waive Cost-Sharing for COVID-19 Treatment

UnitedHealthcare and Anthem have become the latest big-name insurers to announce they will cover the costs of COVID-19 related treatment for their Medicare, Medicaid, and commercially insured beneficiaries.

Is Value-Based Insurance Design Experiencing a Renaissance?

V-BID has been a staple in ensuring access to needed care for years. Recently, there have been many significant policy advancements making V-BID both more effective and accessible. Visit our website at vbidcenter.org to learn more.

52% Don't Have Enough Money Saved to Cover Medical Costs if They Contract COVID-19

A recent survey found that over half of Americans don’t have the funds necessary to cover the cost of COVID-19 treatment, and 46% of respondents said they would think twice about seeking care due to cost. Visit our website to learn more about how V-BID principles can increase access to care.

Opinion: Charging Copays and Deductibles During a Pandemic Is Foolish—and Deadly

As we grapple with discussions on rationing healthcare during COVID-19, it’s important to remember that patient cost-sharing is also a form of rationing. With the increased financial strain from the pandemic, it’s more important than ever to eliminate barriers to needed care.

Docs Could Face Looming Health Crisis as COVID-19 Disrupts Care for Chronically Ill

For those with chronic conditions, disruptions in care delivery can have serious consequences. A recent survey reported 69% of chronic disease patients have had some degree of impact on their ability to manage one of seven high-risk conditions, including diabetes.

Coronavirus Treatment Covered in Full? Probably - But Not Definitely

Thanks to a recent IRS Notice, insurers can now cover COVID-19 testing and treatment prior to the beneficiary meeting the plan deductible. While many large insurers are stepping up to cover treatment costs, it isn’t mandated.

Friday, April 10, 2020: University of Michigan Medicine Grand Rounds

On April 10, V-BID Center Director, Mark Fendrick, MD, presented virtually at the University of Michigan Department of Internal Medicine Grand Rounds. His presentation, “Value-Based Insurance Design: Enhancing Access to Essential Clinical Services During COVID Pandemic and Beyond,” and recording can be found here.

Please Help Support the V-BID Center

As a non-profit entity, the V-BID Center relies on fundraising to support our research, education, and policy efforts. Please help us continue our work by donating here. We truly appreciate your consideration.