Insurers Must Push Employers to Reward Value
The leaders in benefit design have already stepped forward to test out innovation programs. Innovation usually comes from the private sector and then public programs try it later. (One only needs to see that value-based insurance design—also known as VBID—is part of health reform though leading employers have incorporated VBID into benefit design for almost five years.)
Though the private sector often leads, there are still plenty of employers not willing to test out new programs. Instead, they often look for more arcane ways to save on healthcare, such as shifting more costs onto the individual.
But that way of thinking is not sustainable.
Health insurers should help educate employers that trying benefit designs that reward value is the way to go. Yes, making these changes require employee education and will likely cause some employee pushback, but in the long run adding value is a possible way to avoid the $10,000 deductible.
Note: You can sign up to receive Health Plan Insider, a free weekly e-newsletter designed to bring breaking news and analysis of important developments at health plans and other managed care organizations to your inbox.
Les Masterson is an editor for HealthLeaders Media.
- Look Beyond Nurse-Patient Ratios
- Reform Puts Vise Grips on Physicians
- Medicare Opt-Out a Viable Physician Strategy
- Hospital Groups Back NQF Report on Patient Sociodemographics
- NPP Demand Rising Under Value-Based Care Models
- Providers Lag as Consumers Set Agenda
- Esther Dyson Launches Population Health Challenge
- Boston Marathon Bombing Yields Lessons for Hospitals
- The Flourishing Medical Tourism Business in America
- ICD-10 Delay Alters Provider, Vendor Prep