The premise of Value Based Insurance Design, and the focus of VBID Health, is to align patients' out-of-pocket costs, such as copayments and deductibles, with the value of health services. By reducing barriers to high-value treatments (through lower costs to patients) and discouraging low-value treatments (through higher costs to patients), these plans can improve health outcomes. Studies have linked lower copayments for drugs to higher compliance, which ultimately has potential to yield long-term savings as a result of healthier enrollees and more productive employees. Value Based Insurance Design (VBID) Health specializes in designing and promoting health benefits plans that get more health out of every health care dollar spent. http://www.vbidhealth.com/
The Health Care Value Research Consortium is a partnership between Altarum and VBID Health, with funding from the PhRMA Foundation as part of its Value Assessment Initiative, established to promote the pursuit of value in health care delivery in the U.S.