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Managed Care Was a Methodology Adopted in the 1980s and 1990s

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Managed care was a methodology adopted in the 1980s and 1990s. It is a system designed to deliver through a specific network of providers and to reduce costs. However, the cost saving was short-lived because:


Definitions:

Digital Devices

Electronic tools and gadgets, such as smartphones and tablets, that store, process, or transmit digital information.

Encryption

Process of encoding data for security purposes, using software that encodes and scrambles messages.

Public Exchange

a marketplace where securities, commodities, derivatives, and other financial instruments are traded openly, with prices based on supply and demand.

E-Commerce

The buying and selling of goods and services over the internet.

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