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What are the remedies for an internal cost disadvantage?
Short-Term Plans
Strategies or objectives set to be achieved in the immediate future, typically within a year.
Long-Term Plans
Strategic plans developed to achieve goals and objectives over an extended period, typically beyond five years.
Flexible Spending Account
A pre-tax benefit account used by employees to pay for eligible healthcare expenses, reducing their taxable income.
Managed Care
A healthcare delivery system aimed at managing cost, quality, and utilization of services by contracting with specific providers and implementing guidelines for treatment.
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