Answer :
Final answer:
Managed care and Traditional insurance are two main types of health insurance, with Managed care emphasizing cost control and quality improvement through networks, while Traditional insurance allows more freedom in choosing healthcare providers but can have higher costs.
Explanation:
Managed care insurance and Traditional insurance are two main types of health insurance. Managed care involves insurance plans that provide care through a network of doctors and medical facilities, aiming to control costs and improve quality. Traditional insurance, such as fee-for-service plans, allows individuals to choose their own doctors but may involve higher out-of-pocket costs.
Private health insurance includes employment-based plans provided by employers or union groups and direct-purchase plans bought individually. In contrast, publicly funded health insurance, like Medicaid and Medicare, is government-funded coverage accessible to specific populations.
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