Reps. Diane Black (R-Tenn.) and Earl Blumenauer (D-Ore.) have introduced the Value-Based Insurance Design (V-BID) for Better Care Act of 2014,a measure that would establish a regional demonstration program for high-quality Medicare Advantage plans to utilize V-BID to reduce the co-payments or coinsurance for beneficiaries with specific chronic conditions.
"In doing so, beneficiaries are provided with increased access to the care they need to ensure better health outcomes," said Black. "V-BID allows plans with the flexibility needed to offer the best possible care coordination for disease management, and provides the right incentives for beneficiaries."
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