• •the marketplace lacks competition. Thus the consumer may have limited choice, and some sellers or manufacturers may not care if the consumer is dissatisfied. (Zelman, 1999, pp. 5-6)

Managed care, then becomes an institution that is highly in need of regulation, according to those who make such decisions, as the need to be a consumer advocate (including those who are profiting from health care) has always driven the government to act.

Lastly, the manner in which the managed care system has changed the way that sellers, in this case doctors, most of home have historically been in private practice, with clinical privileges to practice care in most of the local hospitals where they work. Doctors who have been in practice for years are seeking change and regulation within the managed care system, as many are reluctant to center their new lives around a salary and a job (as they...
[ View Full Essay]