The aim is to supply quality health care that patients age and gender can afford to access.
Managed care plans, like HMOs, PPOs, and POS plans, offer comprehensive medical services to their members. They also apply financial incentives that encourage providers to keep both the number and value of services under control and motivate members to pick out cost-effective providers.
Managed care plans are designed to manage health care costs. The aim is to supply quality health care that patients age and gender can afford to access. There is the same relationship between the worth elasticity of demand and total revenue: a price decline increases total revenue if demand is elastic, has no effect on total revenue if demand is unit elastic, and reduces total revenue if demand is inelastic.
The elasticity is the same right along the demand curve. Many factors determine the demand age and gender elasticity for a product, including price levels, the kind of product or service, income levels, and therefore the availability of any potential substitutes.
High-priced products often are highly elastic because, if prices fall, consumers are likely to shop for a cheaper price. Managed care plans concentrate on reducing cost age and gender while improving the standard of care of patients. However, it seems that a lot of recent strategies target either one side of the equation or the opposite.
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