V-BID Health Co-Founder Dr. Mark Fendrik on Value Based Insurance Design
This week hosts Mark Masselli and Margaret Flinter speak Dr. Mark Fendrick, co-creator of the concept of Value Based Insurance Design (V-BID) which seeks to re-structure health insurance design to pay more for high value health care that improves health and pay less for high cost, low yield health interventions. Dr. Fendrick discusses the launch of V-BID Health which is providing systems support for Tricare, Medicare Advantage and state employee insurance plans across the country and is gaining widespread bipartisan support in Congress.
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