Medicare Advantage Value-based Insurance Design Deanna Young posted Apr 17, 2023 7:32 PM

Medicare Advantage Value-based Insurance Design

Deanna Young posted Apr 17, 2023 7:32 PM- Response post to post below
The Medicare Advantage (MA) Value-Based Insurance Design (VBID) Model is testing a broad array of complementary MA health plan innovations designed to reduce Medicare program expenditures, enhance the quality of care for Medicare beneficiaries, including those with low incomes such as dual-eligibles, and improve the coordination and efficiency of health care service delivery.VBID Models contribute to the modernization of insurance and tests whether these model components improve health outcomes and lower costs for enrollees. Switching from volume to value creates better access to care rather than just creating available care. The Medicare Advantage (MA) Value-Based Insurance Design (VBID) Model is testing a broad array of complementary MA health plan innovations designed to reduce Medicare program expenditures, enhance the quality of care for Medicare beneficiaries, including those with low incomes such as dual-eligibles, and improve the coordination and efficiency of health care service deliver
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