Insurance companies have addressed the high costs of health care by:

Question

Quizplus · Accepted Answer

Insurance companies have used multiple strategies to address the high costs of health care. They seek to shift the demand curve to the left by offering wellness programs that incentivize healthy behaviors and preventative care. They also limit patients choices in consuming health care by establishing networks of providers and requiring preauthorization for certain procedures. Additionally, they may restrict the doctors patients may select in order to better control the costs of care. All of these strategies can help insurance companies manage rising health care costs.

Insurance Companies Have Addressed the High Costs of Health Care