Spending less for the care needed most
Millions of Americans with common chronic conditions could see reduced out-of-pocket costs for essential medications and health services as the result of a new federal rule issued in July 2019. The rule, which applies to certain types of high-deductible health plans, came about in part through more than a decade of work by the U-M Center for Value-Based Insurance Design and others, who have found that financial barriers – such as high deductibles – can prevent those with chronic conditions from seeking necessary care, and that value-based insurance design plan structures can help people access high-value clinical services and lead to improved health and reduced healthcare spending.