Managed Care and Health Insurance

Resources: 4 in total is needed, but I had to submit 2 for my topic
13 Advantages and Disadvantages of Managed Care Plans – ConnectUS (connectusfund.org)
12 Advantages and Disadvantages of Managed Care – Vittana.org

Instructions:

 

Students will submit their Managed Care Project in APA format and
include the following. The

project will be at least 5 pages not including cover sheet and citation page.
Spelling and Grammar

Counts.

1. Introduction: Students will submit a
one paragraph introduction of the topic they will be

discussing.

2. Body of the Paper will include the following.

· Explain your topic in detail.

· Define the Challenges and Problems with your
topic.

· What are recommended solutions to the challenges
and problems?

· Are there any implementation to solve the
challenges and problems?

Sample Solution

Managed-care plans are forms of health insurance that have contracts with health care providers and medical facilities to provide care for members at reduced costs. These providers make up the plan’s network. How much of your care the plan will pay for depends on the network’s rules. Plans that restrict your choices usually cost you less. If you want a flexible plan, it will probably cost more. There are three types of managed care plans: Health Maintenance Organizations (HMO) usually only pay for care within the network. You choose a primary care doctor who coordinates most of your care. Preferred Provider Organizations

anise money, industry or trade activities in a society. Economics deals with the production, distribution as well as consumption of wealth with the problems related to labour, and finance of the country.

Section 1.2: Scarcity and choice:

Scarcity and choice are considered as two major problems in economics. Scarcity refers to the term in, which there is a shortage of the supply of good and materials for the people, whereas choice refers to the term in, which the people produce goods and services in order to fulfil the basic needs of the consumers (Gillespie, 2011). The requirements of the people are not unlimited, but the resources that are available to fulfil the requirements of the people are limited. Furthermore, the factors, which are used for producing the goods and products are labour, capital, and equipment. These factors are directly dependent on the available resources, which are limited to utilise (Baumol and Blinder, 2015).

Section 1.3: The price mechanism:

The price mechanism is the system in, which the demand and supply forces of the consumers determine the costs of the goods and products that are produced. The price mechanism has its impact on both the buyers as well as the sellers in the market due to, which the decisions related to the economy are taken by considering price mechanism. Moreover, the price mechanism system would also be beneficial in explaining the ways in, which the free market economy distributes the resources as well as helps in analysing the prices of the products and services developed in the industry (Meade, 2013).

Section 2: Pure Market Economy

Section 2.1 Introduction:

Hummel and Stringham (2010) argued that the pure market economy has been determined as an economic system which depends heavily on markets for assigning resources as well as for addressing all queries regarding their allocation. In the pure market economy, the markets are used by buyers as well as the sellers in order to sell or exchange the products and services. In these types of economies, the potential markets are utilised by sellers as well as buyers for willingly exchanging services, goods as well as resources (Hummel and Stringham, 2010).

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