Health care is full of confusing jargon, such as VBID, which stands for value based insurance design. Here’s a quick primer on VBID and why it matters for people with people with Medicare private plans (known as Medicare Advantage).
Fifteen years ago, President George W. Bush signed the Medicare Prescription Drug, Improvement, and Modernization Act which, among other things, created Medicare Part D to cover outpatient prescription drugs. Today, more than 40 million Americans are enrolled in Medicare Part D prescription drug plans.
Search AARP Blogs