More private payers will participate in Medicare Advantage’s voluntary value-based insurance design (VBID) next year, the Centers for Medicare and Medicaid Services reported on Thursday.
The number of participating organizations will increase from 10 to 14, and the number of beneficiaries will more than double, from 440,000 in 2019 to 1.2 million in 2020. Coverage will also expand from seven states to 30 states and Puerto Rico.
Companies participating next year include:
- CVS Health Corp. (Aetna Inc.)
- Blue Cross Blue Shield of Michigan
- Blue Cross Blue Shield of Rhode Island
- CareOregon Inc.
- Capital District Physicians’ Health Plan Inc.
- Highmark Health