V-BID Center banner  

February       

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.

Want more V-BID news?  Stay in touch:  Follow us on Twitter Find us on Facebook View our profile on LinkedIn
  
If you would like additional information, please be in touch at vbidcenter@umich.edu or 734-615-9635.
 
For examples of V-BID programs from across the country, visit our  V-BID Registry 
 
Join our mailing list!
This month's headlines:

 
RegistryV-BID Registry update

 

In its first three months, the V-BID Registry has gathered details on 50 V-BID programs across the US.  Visit www.vbidregistry.org to learn about these examples and to add your V-BID program to the listing.  Your feedback on this resource is very welcome, and please be in touch if you have any questions  would like assistance with the registry.   


 

 

NJNJ bill: V-BID for state employees


In New Jersey, a promising bill has been introduced by Assemblywoman Linda Stender and Assemblyman Herb Conaway which would create a 3-year pilot program to treat state employees' chronic conditions using value-based insurance design principles. The pilot would target diabetes, hypertension, asthma, and high cholesterol, and would provide participants with free doctor visits and pharmacist consultations, medications and supplies, testing and education for diagnosing and treating their targeted condition.
 

 
IOMIOM Commentary supports V-BID
  An IOM Commentary by the University of Southern California's Leonard Schaeffer and Dana Goldman touts the promise of a value-based approach to healthcare: "VBID shows promise as a key strategy to help move the nation toward a health care system that rewards value."
 
EmploybenrefNew V-BID Center Brief on Employee Benefit Reform
 The V-BID Center has developed a new brief to explain the role of V-BID in employee benefit reform, as the latest in our online resources to assist states in understanding and implementing V-BID.

Millions of government employees receive health care through a state or local government insurance plan. Unfortunately, employers and employees face rising premiums, co-payments, and deductibles, difficult economic circumstances, and seemingly few mutually agreeable solutions. V-BID is one idea that has attracted bipartisan support and has been implemented as a proactive measure to improve plan value over the long term-improving health as well as potentially adding to states' savings. 

 
EssentialbensCenter comments on Essential Health Benefits
 
In response to a December 2011 HHS Bulletin on Essential Benefits
allowing states to select their own benefits packages, the Center
submitted a letter of comment. The letter expresses the Center's hope
that benefit and cost-sharing mandates will remain flexible, to allow
varying patient copayments and coinsurance rates so that consumers
have access to a range of health-improving incentives.


AdboardCenter Advisory Board Member testifies on value of V-BID


Lewis Sandy, MD, Senior Vice President for Clinical Advancement, UnitedHealth Group, and V-BID Center Advisory Board Member, testified  at the US House of Representatives Committee on Ways and Means on February 27.  Dr. Sandy emphasized that it is important for stakeholders to work together to implement integrated and comprehensive performance measurement programs.  He noted that these programs - when implemented in conjunction with payment reforms that provide financial incentives based on quality and cost-efficiency measures, delivery system reforms, patient centered transparency programs, and value based insurance designs - will empower patients and ensure that they are financially rewarded for making decisions that result in higher quality and cost-effective outcomes.

 

 

 

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

Join our mailing list!