Managed Care Companies - Are Your Loved-ones Safe In Their Hands?
Posted on February 27, 2008 - Filed Under Legal and Law | Leave a Comment
What are managed care companies?
A managed care company refers to any arrangement for health care in which an organization, such as a Health Maintenance Organization (HMO), another type of doctor-hospital network, or an insurance company, acts an intermediary between the person seeking care and the physician.
Why we have managed care companies
From the middle 1980s to the present, health care costs have continued to rise at a great pace. The health care industry was unable to maintain manageable medical care costs. This led to the creation of managed care, in which third-party payers try to limit costs by managing your access to health care.
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