Managed Care

Means the application of operational management principles to medical care and its control from the insurance or financing side. For understanding a summary of the opposite: In a health system that is not regulated but shaped according to the social principle, supply, demand and financing are largely independent of each other. This means that the sick demand the best treatment regardless of costs, doctors offer the most lucrative treatment for them regardless of costs, insurers offer the most lucrative insurance models for them regardless of medical necessities and macroeconomic costs/benefits.