V-BID for Better Care Act of 2017
The source supplies the latest action, but no lifecycle stage.
Latest action (21 Apr 2017): Referred to the Subcommittee on Health.
What this bill does
H.R. 1995, the V-BID for Better Care Act of 2017, would require the Center for Medicare & Medicaid Innovation to expand a pilot program testing a specific type of Medicare Advantage (MA) insurance design. This model allows MA plans to create different benefit structures, cost-sharing rules, and supplemental benefits for enrollees with particular chronic diseases.
Currently, this value-based insurance design model is being tested in a limited number of states. If enacted, the bill would expand this testing to all states, and the program would not be allowed to end before January 1, 2022. The bill aims to meet the needs of chronically ill individuals enrolled in Medicare Advantage plans.
This bill was introduced in the House of Representatives in April 2017 and has been referred to two committees. Its current status is "Introduced," meaning it has not yet been voted on or passed by either chamber of Congress.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
Value-Based Insurance Design for Better Care Act of 2017 or the V-BID for Better Care Act of 2017
This bill amends title XVIII (Medicare) of the Social Security Act to require the Center for Medicare & Medicaid Innovation to expand testing of a model of Medicare Advantage (MA) value-based insurance design that allows MA plans to propose and design benefit structures that vary benefits, cost-sharing, and supplemental benefits with respect to enrollees who have specific chronic diseases. The test model (initially being carried out in specified states) shall be expanded to all states, and may not be terminated prior to 2022.
Timeline
21 Apr 2017
Referred to the Subcommittee on Health.
Common questions
- What does H.R. 1995 do?
- H.R. 1995, the V-BID for Better Care Act of 2017, would require the Center for Medicare & Medicaid Innovation to expand a pilot program testing a specific type of Medicare Advantage (MA) insurance design. This model allows MA plans to create different benefit structures, cost-sharing rules, and supplemental benefits for enrollees with particular chronic diseases. Currently, this value-based insurance design model is being tested in a limited number of states. If enacted, the bill would expand this testing to all states, and the program would not be allowed to end before January 1, 2022. The bill aims to meet the needs of chronically ill individuals enrolled in Medicare Advantage plans. This bill was introduced in the House of Representatives in April 2017 and has been referred to two committees. Its current status is "Introduced," meaning it has not yet been voted on or passed by either chamber of Congress.
- Has H.R. 1995 become law?
- The source does not supply a confirmed lifecycle stage for H.R. 1995. Check the latest action and official source below.
- Who sponsored H.R. 1995?
- H.R. 1995 was sponsored by Rep. Black, Diane [R-TN-6] (R-TN), with 4 cosponsors.
- What's the latest action on H.R. 1995?
- Referred to the Subcommittee on Health. (21 Apr 2017).
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