Stethoscope on dollar sign TheValue-Based Insurance Design (V-BID) project, sponsored by theUniversity of Michigan, has worked for years in helping designplans that match out-of-pocket costs with the value of services.(Image: Shutterstock)

An ongoing effort to bring more value-based practices to health care in theU.S. recently released a new report on improving value in theAffordable Care Act’s (ACA) individual marketplace. The Value-BasedInsurance Design (V-BID) project, sponsored by the University ofMichigan, has worked for years in helping design plans that matchout-of-pocket costs with the value of services—more effectiveservices have lower cost sharing, less-effective procedures andservices have higher cost sharing.

According to the University of Michigan’s V-BID program, theirnew project aims to create a V-BID approach for the ACA’sindividual market and illustrate the tradeoffs created by such aplan.

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