Question

To what extent has managed care been successful in containing health care cost?

Answer 1

Managed care organizations are groups of physicians, specialists, and often hospitals, coordinating with each other to provide care for a set monthly fee.Managed care emerged as nonprofit organizations to reduce health‐care costs and provide broader coverage in response to increased health care cost.

It is a challenging role for managed care been successful in containing health care cost Because

*Competetion between Physician _Dominated markets

*Competetion in insurer_Dominated markets

*Government investment and involvement

The primary advantage of managed care is that it provides health care solutions for people whenever they want to speak with a medical provider. Immediate services can be rendered, allowing people to take their care into their own hands with a reasonable level of certainty.