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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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V-BID in Essential Health Benefits Report

 

 

Essential Health Bens

On October 6, the Institute of Medicine released its long-awaited report on Essential Health Benefits, which underlines the need for and utility of value-based design.  We have summarized the portions of the report on V-BID, and the University has also issued this press release.  

 

Center Director A. Mark Fendrick, MD's recent feature in Kaiser Health News discussed the need for clinical nuance and V-BID in Essential Benefits. 

 

  
November 16 Symposium update

2011 symposium button

We are pleased to confirm the final agenda for the 2011 V-BID Symposium, November 16 in Ann Arbor.

 

Newly confirmed speakers include Kevin Volpp, University of Pennsylvania; Stuart Guterman, The Commonwealth Fund; Director Steve Hilfinger, Michigan Department of Licensing and Regulatory Affairs; and Robert Krzys of the State Employee Bargaining Agent Coalition in Connecticut who will present on the State of Connecticut's innovative V-BID plan for employees and retirees.  

 

We have had a wonderful response and are currently at capacity for this event; a wait list is available.  We will also have a post-event website available with videos and slides for the day's presentation.   For more information, please visit the Symposium website.  

 

V-BID policy resources: Exchange principles and ACA comments
 We are excited to share a new document from the Center which offers guidance to states grappling with ways to use V-BID in their exchanges. Whether a state has an active purchaser or clearinghouse type exchange, these principles are designed to show policymakers how to ensure that plans may use V-BID within the exchange, and how they may promote value-based plans if they choose to.

The Center has also commented on two Affordable Care Act Regulations.  The first regulation implements recommendations from the Institute of Medicine regarding preventive services for women.  The second regulation lays out some of the basic structures of the state health insurance Exchanges which are being rolled out in many states across the country.  

     

Kansas City value-based project reports cost savings after first year

The Kansas City Collaborative reports a cost savings of $194 per employee for their year-long value-based initiative.  This program included reduced co-payments for certain preventive care services and for medication for chronic conditions.  Participating employers also added healthy cafeteria and vending machine options, on-site fitness facilities and smoking cessation programs.

As this is the first V-BID program to show such significant cost savings in such a short period of time, we look forward to seeing the evaluation and results.  The Center remains committed to the evidence on V-BID as a promising way to improve health outcomes and productivity and control costs, and we remain cautious about V-BID's potential to save money on healthcare spend, especially over the short term.     

 

V-BID Center Faculty at upcoming events
 

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

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