Managed care is a system intended to help decrease unnecessary costs that come with health care through different mechanisms. These mechanisms include economic incentives for physicians and patients to choose less expensive forms of health care, increased beneficiary cost sharing, selective contracting with different health care providers, along with a few others. The initial growth of managed care was brought on by the enactment of the Health Maintenance Organization Act of 1973.
Managed care review can vouch that managed care plans have subdued medical cost inflation in the late 1980s by making the health care industry to become more efficient and competitive by reducing unneeded hospitalizations and making health care providers to discount their rates. These changes help with Read More