value based insurance design

What is Value-Based Insurance Design (VBID)?

Value-Based Insurance Design (VBID) is an innovative approach to health insurance that aims to align patients' out-of-pocket costs, such as copayments and deductibles, with the value of services. The primary goal is to encourage the use of high-value healthcare services and discourage the use of low-value or unnecessary services. By doing so, VBID seeks to improve health outcomes and control healthcare costs.

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