3.0.0 2783 2023-01-11T13:25:28Z 2023-01-11T13:25:28Z Senate S S 2014-09-10 113 ssfi00 Finance Committee Senate Standing Referred to 2014-09-10T15:09:14Z VBID for Better Care Act of 2014 113 5183 HR 2014-07-25 Referred to the Subcommittee on Health. Identical bill CRS 2014-09-10 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2014-09-10 Introduced in Senate IntroReferral 10000 9 Library of Congress T000250 Sen. Thune, John [R-SD] John Thune R SD R. N S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2014-09-10 True Health Administrative law and regulatory procedures Department of Health and Human Services Health care costs and insurance Long-term, rehabilitative, and terminal care Medicare Prescription drugs Health 00 2014-09-10 Introduced in Senate 2014-09-22T20:22:23Z Value Based Insurance Design for Better Care Act of 2014 or the VBID for Better Care Act of 2014 - Directs the Secretary of Health and Human Services (HHS) to establish a three-year demonstration program to test the use of value-based insurance design methodologies under the eligible Medicare plans offered by Medicare Advantage organizations under part C (Medicare+Choice) of title XVIII (Medicare) of the Social Security Act.

Defines "value-based insurance design methodology" as one for identifying specific prescription medications, and clinical services reimbursable under Medicare, for which copayments, coinsurance, or both should be reduced or eliminated because of the high-value and effectiveness of these medications and services for specific chronic clinical conditions (as approved by the Secretary).

Directs the Secretary to expand the demonstration program to implement, on a permanent basis, those components beneficial to Medicare beneficiaries and the Medicare program, unless a required evaluation of the program states that it: (1) increases expenditures under Medicare with respect to participating beneficiaries, or (2) decreases the quality of health care services furnished to such beneficiaries.

]]> VBID for Better Care Act of 2014 Display Title VBID for Better Care Act of 2014 Official Title as Introduced A bill to establish a demonstration program requiring the utilization of Value-Based Insurance Design to demonstrate that reducing the copayments or coinsurance charged to Medicare beneficiaries for selected high-value prescription medications and clinical services can increase their utilization and ultimately improve clinical outcomes and lower health care expenditures. Introduced in Senate IS Short Titles as Introduced VBID for Better Care Act of 2014 Short Titles as Introduced Value Based Insurance Design for Better Care Act of 2014 Introduced in Senate 2014-09-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s2783is/xml/BILLS-113s2783is.xml 2014-09-10 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.