VBID in practice

In a typical insurance plan, patients have a fixed copayment, insurance and deductible regardless of whether the treatment they receive is considered high or low value. ¬†However, an alternative insurance structure–known as value-based insurance design (VBID)–uses a different approach. ¬†Under VBID, patient cost sharing is higher for low-value treatments and lower or eliminated for high-value…