AHIP October 30, 2017
Value-based insurance design (V-BID) is an approach that drives patients and providers to high-value services while discouraging low-value services. Many companies like IBM are applying V-BID principles to their employee health benefits, eliminating cost sharing for certain services that deliver the most value, and have been historically underutilized. The overall goal is to reduce the net cost of care by promoting better health outcomes that save money over the long term. At IBM, its pilot program eliminated out-of-pocket costs for primary care visits for children enrolled in the company’s self-funded health plan.
How does value-based design work and how are health plans and companies using these strategies to lower health care costs for employees? Dr. Paul Fronstin from Employee Benefits...
Today's Sponsors
Today's Sponsor