Glied, Sherry - In: Handbook of health economics : volume 1, part A, (pp. 707-753). 2000
By 1993, over 70 of all Americans with health insurance were enrolled in some form of managed care plan. The term … underlying market failures in the health care system asymmetric information about health risks, moral hazard, limited information … care on utilization. Nonetheless, many studies suggest that managed care plans reduce the rate of health care utilization …