Value-based insurance design (VBID), conceived by a multi-disciplinary faculty team at the university of Michigan, works on the premise of aligning patients' out-of-pocket costs with the value of ...

Certain elements of value-based insurance design plans may lead to higher medication adherence, according to a study published in Health Affairs. Researchers analyzed 76 VBID plans and their effect on ...

Although the gap between low and high value has been established in many areas, insurance design has yet to adapt, according to a panel at the 20th annual Value-Based Insurance Design (VBID) Summit.

VBID has shifted from promoting high-value services to also discouraging low-value services, gaining widespread acceptance and success. The Affordable Care Act's preventive care mandate exemplifies ...