You'll find a lot of information in these sites.
http://en.wikipedia.org/wiki/Managed_care
http://www.pbs.org/wgbh/pages/frontline/shows/hmo/procon/
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http://www.senioranswers.org/Pages/prosandcons.htm
I am having a hard time trying to answer these questions and searching the web for what are the pros and cons of managed care from a consumer’s perspective? A caregiver’s perspective? From the perspective of a caregiver, would you prefer traditional insurance or one of the managed care options (HMO,PPO)?
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