The connection between medication adherence and health care savings
Spending on employee health insurance today can lead to significant cost savings down the road, but convincing consumers of that isn't easy.
By Joel Kranc|August 29, 2018 at 10:43 AM
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Your doctor always told you that an ounce of prevention is worth a pound of cure – and it seems it is very true. A new study published in Health Affairs shows that spending on employee health insurance today can lead to significant cost savings down the road. So-called Value-based Insurance Design (VBID) is a strategy that reduces cost sharing for high-value services and increases consumers’ out-of-pocket spending for low-value care.
Essentially, getting patients to take medication that can help prevent long-term health issues is difficult. Costs can be too high and/or it’s harder to get people to get into the habit of prevention. However, the study shows that a VBID strategy can change the behavior by charging less for medicines that help the most. In some cases the medicines are made free to patients with certain conditions.
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