Read What VBID Health Clients Are Saying
Value Based Insurance Design (VBID), and the work of VBID Health, has garnered recent attention from high profile state health policy makers. In a U.S. House of Representatives Energy and Commerce Committee hearing, Director of South Carolina Health and Human Services Anthony Keck testified that he was a “strong believer in VBID” and hoped to use clinically nuanced designs in the state’s Medicaid program.
Separately, during a national summit on state health insurance exchanges, Dr. Joshua Sharfstein, Secretary of the Maryland Department of Health and Mental Hygiene, noted that his state was examining VBID’s role in the Maryland Health Benefits Exchange and that the VBID concept could “improve health outcomes and lower costs.”
The recent remarks by health policy experts demonstrate the growing momentum for VBID as a bipartisan idea with broad support. VBID, driven by the employer community, has become a popular and practical solution for private and public payers hoping to move the health care system away from volume and toward value.