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Insurance Definition: MANAGED CARE

By Compuquotes Team on March 27th, 2008

MANAGED CARE:

Definition:

  • Arrangement between an employer or insurer and selected providers to provide comprehensive health care at a discount to members of the insured group and coordinate the financing and delivery of health care. Managed care uses medical protocols and procedures agreed on by the medical profession to be cost effective, also known as medical practice guidelines.

Information provided by Insurance Information Institute

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