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June 

Update 

The University of Michigan Center for Value-Based Insurance Design (V-BID Center) leads in research, development, and advocacy for innovative health benefit designs.

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If you would like additional information, please be in touch at vbidcenter@umich.edu or 734-615-9635.
 
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Save the date: 2011 V-BID Center Symposium Nov. 16 in Ann Arbor

 

 

DaschlePlease save the date for our 2011 V-BID Center Symposium: The State of Value-Based Insurance Design:  Evidence, Policy, Implementation, and Tools" on November 16, 2011 in Ann Arbor, Michigan. Senator Tom Daschle, former U.S. Senate Majority Leader and author of Getting it Done: How Obama and Congress Finally Broke the Stalemate to Make Way for Health Care Reform, will deliver the keynote address.

 

V-BID is becoming an integral part of improving health care for all Americans.  The 2011 Symposium is designed to inform and shape this exciting shift toward "clinically nuanced" benefit design and payment.   

 

For more about the 2011 Symposium, please visit our symposium website.  Full details, a complete invitation and registration will be available in July.

 

We are happy to discuss a range of available sponsorship opportunities.  

V-BID for state employees in Connecticut
    

CT

In Connecticut on May 17, Governor Malloy and unions representing state employees negotiated a labor agreement that includes targeted health savings driven by value-based insurance design.  If the agreement is ratified, state employees would commit to yearly physicals, age-appropriate diagnostic tests, and two free dental cleanings, or face higher premiums and deductibles.  Employees would also agree to participate in disease management programs if they have one of five common chronic conditions.  Participants would receive free office visits and lower co-pays for branded and generic pharmaceuticals for targeted conditions. 

 

  
Adherence to statins reduces healthcare costs and hospitalizations
   
A new article in the American Journal of Cardiology outlines the impact of statin adherence on health care costs.  Total adjusted health care costs were lowest for those with the highest medication possession ratios, and health care costs were significantly greater for each lower level of adherence.

Read more V-BID research  

American Academy of Actuaries touts V-BID to improve Medicare
 

In its May Issue Brief, the American Academy of Actuaries presented "An Actuarial Perspective on Proposals to Improve Medicare's Financial Condition."  V-BID was included as positive step for Medicare:  "A VBID approach would lower the cost sharing for high-value services and increase the cost sharing for low value services. The ACA moved Medicare in this direction by covering certain preventive services with no cost sharing."  

  
Up to 1 in 4 patients skip oral cancer drugs because of cost
 

A new article in the May issue of The American Journal of Managed Care presents findings on medication adherence for eight oral cancer drugs.  The study found that 6% of patients with co-payments of $100 or less failed to fill their prescription, while 25% of patients with a co-payment exceeding $500 didn't complete the purchase.    

 

Read other V-BID research 

Other V-BID news
 

Don Berwick, MD, Centers for Medicare and Medicaid administrator outlined his vision for value-based care in an interview with the American Academy of Family Physicians.

 

A May 12 article in The New Republic featured Mitt Romney discussing V-BID at the University of Michigan.

 

A new article in the Journal of General Internal Medicine shows that depressed patients with chronic illnesses are less likely to take medications.

 

Research from the Journal of Clinical Oncology: 1 in 7 cancer patients spends more than 20% of income on health care.

V-BID Center Faculty at upcoming events
  

 

 

Contact V-BID Center
734-615-9635 | vbidcenter@umich.edu

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