FHC Answers Your Questions on Value-Based Insurance Design


This week FHC Answers Your Questions on Value-Based Insurance Design:

Can Value-Based Insurance Design (V-BID) help employers combat rising healthcare costs without sacrificing quality care?

V-BID provides targeted consumer financial incentives to promote the use of high-value services that have a strong evidence-base, enhance clinical outcomes, and increase efficiency. V-BID plans can lower out of pocket costs for consumers, improve chronic disease management and outcomes, and curb rising healthcare costs. If considering a V-BID model, take into account:

  • The health status of the target population;
  • Which services would be most valuable to the target population;
  • How financial incentives could be delivered within the insurance design; and
  • How to evaluate the effectiveness of the plan

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