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CMS banks on Medicare value-based insurance test to lower costs, improve quality of care
Modern Healthcare

The CMS is so invested in a demonstration meant to encourage use of clinically valuable services as a way to lower out of pocket costs for enrollees that it is asking for feedback on how to better the program before it even launches. The demonstration is part of the Affordable Care Act’s push to lower healthcare costs and improve clinical quality in the Medicare program. The Medicare Advantage Value-Based Insurance Design Model kicks off Jan. 1, 2017 and will run for five years.Value-based insurance design, or VBID, refers to health plans that waive or lower out-of-pocket costs for healthcare and prescription drugs that are proven effective for patients with chronic health conditions.