Healthcare policy is back on voters’ minds. The Republican party has placed its bet on consumer-driven healthcare, framed as “delivering dollars to the American people”, as a winning strategy. While the idea is not new, there is a lot the public needs to learn about it. Decades of research in health economics has a lot… Read More »
The recent budget resolution passed by the House of Representatives proposes significant spending cuts, including approximately $880 billion from programs under the jurisdiction of the House Committee on Energy and Commerce, which encompasses Medicaid. This proposal has raised concerns about potential reductions in Medicaid funding, a program that currently provides health coverage to over 72… Read More »
VBID and alternative payment models comprise two approaches to reform with different incentives that influence underlying motives. The underlying principle of Value-Based Insurance Design (VBID) is to align patient out-of-pocket costs, or cost-sharing (deductibles, co-pays, etc.), with clinical value of services. Decreasing cost-sharing for high-value services and increasing cost-sharing for low-value services is the goal of… Read More »