Mandated benefit laws are state or federal laws that require health plans to arrange for the financing and delivery of particular benefits. Within a market, the implementation of mandated benefit laws is likely to cause __________.

Question

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Mandated benefit laws require health plans to cover specific benefits, which can increase the cost of providing healthcare. As a result, health plans may need to raise premiums, which can make coverage more expensive for consumers. Additionally, health plans may need to reduce benefits or provider networks to manage costs, which could lead to reduced uniformity and provider options among competing plans. However, mandated benefit laws are unlikely to directly impact the number of self-funded healthcare plans, which are typically regulated by federal law rather than state law.

Mandated Benefit Laws Are State or Federal Laws That Require