what is value-based insurance design?

Posted by Sean Creighton on 11/4/15 8:20 AM

While the U.S. healthcare system is known for its rapid access to specialty providers and patient-centered care, the country continues to struggle with managing healthcare costs, expanding access, and improving efficiency. The United States is consistently ranked the most expensive healthcare system in the world, spending over 17 percent of its GPD on healthcare compared to an average of 10 percent among other developed countries. Healthcare expenditures are continuing their upward trend and the forecast looks bleak as the population ages into Medicare eligibility and premiums and cost-sharing continue to rise. As one method to bend the cost-curve and improve patient health the idea of value-based insurance design (VBID) is gaining traction.

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