Medicare’s Value-Based Insurance Design Pilot Could Pave way for Broader Implementation

Through the Medicare Advantage Value-Based Insurance Design (VBID) Model, the Centers for Medicare and Medicaid Services (CMS) is currently testing a broad array of innovations designed to reduce Medicare program expenditures, enhance the quality of healthcare for Medicare beneficiaries, and improve the coordination and efficiency of healthcare service delivery.

Overall, the VBID Model is intended to contribute to the modernization of the ways in which Medicare Advantage* plans, in particular, manage the pharmacy benefit.