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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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This Month's Headlines:

briefV-BID Center Brief: "Will V-BID Save My Company Money?"

In the second of a series of V-BID Center Briefs, the economic implications of V-BID implementation are addressedThe aggregate financial impact depends on the specific elements of the program and its effects on improved health outcomes resulting in direct medical offsets as well as non-medical economic benefits such as enhanced productivity and lower disabilityClick here to view "Will V-BID Save My Company Money? A Guide To Thinking About V-BID Implementation."   
article1Choosing Wisely:  Identifying Unnecessary  Tests & Procedures

 Choosing Wisely, an initiative of the ABIM Foundation, in which nine physician organizations each identify five tests or procedures in their respective fields that may be overused or unnecessary.

Article2NBCH Awards Grants to Promote V-BID Programs
 The National Business Coalition on Health, NBCH, has selected two member coalitions to receive funding for the V-BID Patient-Centered Medical Home (PCMH) Seed Grant Program. The awards provide the coalitions with the resources to encourage employees to use the PCMH within their communities through implementation of innovative insurance designs.
RhodeIslandBCBS Rhode Island Unveils New Health Plan with V-BID Elements

Blue Cross & Blue Shield of Rhode Island announced a new health plan, called LifeStyleBlue, for the small employer market, with the flexibility of three benefit designs to fit the lifestyles of a diverse employee population and provides an opportunity for employees to earn incentives and rewards to help them become and/or stay healthy and active. 

specialtydrugsV-BID Explored as an Approach to Specialty Pharmaceuticals

V-BID was cited in several recent articles as an emerging approach to specialty pharmaceuticals by linking employees' out-of-pocket costs to the value of the medical service.  Treatments that are deemed to provide important clinical benefits cost employees less than ones that are less effective; some may even be free.

Read more:  Kaiser Health News, NPR, ECRI Technology Trends  

Michael Chernew, PhD, Appointed Vice Chairman of MedPAC



Michael Chernew, PhD, Professor of Health Care Policy at Harvard Medical School and Co-Founder of the V-BID Center was recently appointed Vice Chair of the Medicare Payment Advisory Commission (MedPAC).  MedPAC analyzes access to care, cost and quality of care, and other key issues affecting Medicare.  It advises Congress on payments to health plans participating in the Medicare Advantage program and providers in Medicare's traditional fee-for-service programs.



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

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