CMS scraps value-based Medicare Advantage model [VBID]
12/27/24 at 03:00 AM
CMS scraps value-based Medicare Advantage model [VBID]
Modern Healthcare; by Bridget Early; 12/20/24
Citing overspending, the Centers for Medicare and Medicaid Services is calling an early end to an initiative that aimed to provide better, more efficient care to Medicare Advantage enrollees. The Value-Based Insurance Design model, or VBID, will sunset at the end of 2025, CMS announced, just 20 months after the agency extended it until 2030. The latest data show “substantial and unmitigable costs” totaling $4.5 billion in 2021 and 2022, an amount "unprecedented in CMS innovation center models," CMS said in a news release Monday.