VALUE-BASED INSURANCE DESIGN WINNING BIPARTISAN SUPPORT

Despite the intense controversy over the Affordable Care Act, attempts to reform the U.S. health care delivery system are winning bipartisan support in both houses of Congress, a Republican congresswoman said April 30 at a health care forum sponsored by law firm DLA Piper LLP.

Rep. Diane Black (R-Tenn.) noted that Senate Finance Committee Chairman Ron Wyden (D-Ore.) included value-based insurance design in S. 1932 introduced in January in both the Senate and House with support from members of both sides of the aisle. Value-based insurance design plans lower patient out-of-pocket costs for high-value services. Black is sponsor of H.R. 2753, which would allow Medicare Advantage plans to vary cost-sharing requirements through value-based insurance design practices.

Mark Fendrick, director of the University of Michigan's Center for Value-Based Insurance Design, said the movement to adopt value-based insurance design principals "has caught on in the private sector," and the time is ripe for moving it into the Medicare system through Medicare Advantage plans.


SARA HANSARD

Sara has been with BNA since 2010. She writes for Bloomberg BNA's Health Insurance Report, and primarily covers federal health insurance regulation under the Patient Protection and Affordable Care Act, particularly the Center for Consumer Information and Insurance Oversight in the Centers for Medicare & Medicaid Services. She also covers the National Association of Insurance Commissioners, federal regulations, congressional hearings, and events relating to health insurance issues. Sara can be reached at shansard@bna.com.

 

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