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Which of the following is the best explanation of how V-BID plans affect cost-effectiveness? Group of answer choices As consumers shop for insurance plans that
Which of the following is the best explanation of how V-BID plans affect cost-effectiveness? Group of answer choices As consumers shop for insurance plans that are the least expensive, they also want plans that will cover many services. V-BID plans offer multiple cost-sharing options that allow some individuals to pay more a month for more services. As more individuals who are identified to be at risk receive high-value services, such as screenings and treatments at lower costs, the initial costs of care to the healthcare system may increase. However, over time, better management of chronic conditions, better diagnosing of illnesses, and the ability to keep someone out of the hospital due to improved care will drive down costs in the long term. Offering preventive services, a staple of V-BID, has proved to be cost-effective in the long term for all services. V-BID plans increase the cost for services and affect cost-effectiveness by increasing the costs for care for all consumers
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