Definitions for "Managed Competition"
A purchasing strategy for health care that encourages those managed care plans that do the best job of improving quality, cutting cost and satisfying patients to flourish.
A way of organizing health care delivery and financing that attempts to combine the best elements of government regulation and free-market competition. Those paying for care are organized into large groups, and health plans then compete for members based on premiums, covered procedures, access to services, and perceived quality of care.
government intervention in the health-care market to guide competition so that costs are reduced