managed competition

American  

noun

1. a strategy for healthcare delivery whereby costs are reduced by fostering competition between providers of managed-care contracts for large employers.

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Example Sentences

Many advocates of managed competition believed that competition among insurers inside the alliances would slow medical spending.

From Washington Post • Aug. 25, 2016

Under managed competition, health plans must be community rated.

From Forbes • Jun. 17, 2015

The cost savings from managed competition are hypothetical and uncertain – in fact, there are reasons to fear that such a system could actually increase costs.

From New York Times • Dec. 30, 2011

Among the layoffs are 282 from Preckwinkle's office, including 180 custodial positions due to "managed competition" that she hopes could save $2.5 million.

From Chicago Tribune • Oct. 25, 2011

Managed care is a type of health insurance; managed competition is a system for choosing among types of health insurance, including managed care.

From Time Magazine Archive