Dr. A. Mark Fendrick joins Dr. Michael Koren to discuss his life and legacy promoting value-based insurance design (VBID). VBID is the idea is that procedures which are neccecary should cost patients less than thsoe that are optional, and is seen in the US with many insurance plans offering 100% coverage of preventative services. Dr. Fendrick recounts his career and how he managed to get VBID language in healthcare laws under both Republican and Democratic legislatures, and that focusing on out-of-pocket patient costs has proved a beneficial strategy to getting policy passed. Dr. Fendrick closes the discussion talking about the future of healthcare in America, from the devestating loss of coverage due to changing administrations to the promise and danger of AI in the healthcare space.
Visit Dr. Fendrick at Vbidcenter.org
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Have a question for Dr. Koren? Email him at askDrKoren@MedEvidence.com
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Music: Storyblocks - Corporate Inspired
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