Summarize the history of when, how, and why managed care was developed

Summarize the history of when, how, and why managed care was developed.

Define and discuss each type of managed care organization (MCO)—health maintenance organization (HMO), preferred provider organization (PPO), and point of sale (POS).

Explain the positive and negative aspects, respectively, of managed care organization from the provider’s point of view—a physician and a healthcare facility—and from a patient’s point of view.

Explain the three types of incentives for providers for efficiency in the delivery of healthcare services. Explain who bears the financial risk—the provider, the patient, or the managed care organization.

Offer your recommendations, to accept or decline, for patients considering managed care health plans, with your rationale for each.