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Article Date: 23 Feb 2013 - 0:00 PST Current ratings for:
Providing Free Diabetes-Related Medications And Supplies Could Save Money For Insurers
Reducing financial barriers to medication access - a strategy known as value-based insurance design (VBID) - can improve medication adherence and management of chronic diseases such as diabetes. The economic and patient-perceived benefits of eliminating co-payments for diabetes-related medications and supplies are described in a trend-setting study published in Population Health Management, a peer-reviewed journal from Mary Ann Liebert, Inc., publishers. The article is available on the Population Health Management website.*
In "Patient-Centered Outcomes of a Value-Based Insurance Design Program for Patients with Diabetes," Daniel Elliott, MD, MSCE and coauthors from Christiana Care Health System (Newark, DE), Jefferson Medical College (Philadelphia, PA), and Temple University School of Medicine (Philadelphia, PA) compared patient self-reports from before and one year after the start of a VBID program that eliminated insurance co-payments for diabetes-related medications and supplies. As a group, the patients reported improved adherence to medication regimens for hyperglycemic control and a significant decrease in out-of-pocket costs associated with non-adherence.
Nearly 90% of the study participants felt that the elimination of co-payments helped them better self-manage their diabetes.
"Improving care coordination is a cornerstone of health reform. That's why this is a watershed paper," says Editor-in-Chief David B. Nash, MD, MBA, Dean and Dr. Raymond C. and Doris N. Grandon Professor, Jefferson School of Population Health, Philadelphia, PA.
Article adapted by Medical News Today from original press release. Click 'references' tab above for source.Visit our diabetes section for the latest news on this subject. Please use one of the following formats to cite this article in your essay, paper or report:
MLA
11 May. 2013.
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'Providing Free Diabetes-Related Medications And Supplies Could Save Money For Insurers'
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