https://paraskatyal.com/tags/policy/ Recent content in Policy on Paras Katyal Hugo en-us Fri, 13 Mar 2026 00:00:00 +0000 https://paraskatyal.com/blog/value-based-care-explained/ Fri, 13 Mar 2026 00:00:00 +0000 https://paraskatyal.com/blog/value-based-care-explained/ <p>Few phrases in healthcare get used as confidently as &ldquo;value-based care&rdquo; — and few are as consistently under-explained.</p> <p>I&rsquo;ve sat in enough rooms where smart people talk past each other about VBC that I wanted to write a clear version of what it actually means, why it&rsquo;s compelling, and why the transition from the current model is so hard.</p> <hr> <h2 id="the-baseline-fee-for-service">The Baseline: Fee-for-Service</h2> <p>To understand value-based care, you first need to understand what it&rsquo;s replacing — or trying to replace.</p>