UMass Chan Affiliations
Department of Quantitative Health SciencesDocument Type
Journal ArticlePublication Date
2007-02-01Keywords
*Cost SharingCost-Benefit Analysis
Federal Government
Health Expenditures
Humans
Insurance Benefits
Insurance Claim Review
*Insurance, Health
National Health Insurance, United States
Organizational Innovation
Private Sector
United States
*Universal Coverage
Biostatistics
Epidemiology
Health Services Research
Metadata
Show full item recordAbstract
When everyone is required to pay the same out-of-pocket amount for health care services whose benefits depend on patient characteristics, there is enormous potential for both under- and overuse. Unlike most current health plan designs, Value-Based Insurance Design (VBID) explicitly acknowledges and responds to patient heterogeneity. It encourages the use of services when the clinical benefits exceed the cost and likewise discourages the use of services when the benefits do not justify the cost. This paper makes the case for VBID and outlines current VBID initiatives in the private sector as well as barriers to further adoption.Source
Health Aff (Millwood). 2007 Mar-Apr;26(2):w195-203. Epub 2007 Jan 30. Link to article on publisher's siteDOI
10.1377/hlthaff.26.2.w195Permanent Link to this Item
http://hdl.handle.net/20.500.14038/47809PubMed ID
17264100Related Resources
Link to Article in PubMedae974a485f413a2113503eed53cd6c53
10.1377/hlthaff.26.2.w195
Scopus Count
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