This study was presented by Rand Corporation on February 14, 2019. The study was funded by the Centers for Medicare and Medicaid Services (CMS). The study reports on the implementation of the Medicare Advantage Value-Based Insurance Design (VBID) program in 2017, as well as its outcomes. Through the VBID model, CMS is testing a broad array of complementary Medicare Advantage health plan innovations designed to reduce Medicare program expenditures, enhance the quality of care for Medicare beneficiaries, and improve the coordination and efficiency of health care service delivery . . .