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Explain how managed care has reduced the cost of health care in America. Distinguish between the government health program called Medicare and Medicaid. What is

  1. Explain how managed care has reduced the cost of health care in America.
  2. Distinguish between the government health program called Medicare and Medicaid.
  3. What is meant by the out-of-pocket maximum?
  4. Distinguish among the three levels of care in long-term care insurance.
  5. Distinguish between the benefit period and the waiting period for a long-term care policy.

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