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The concept of value (improved benefits at lower costs) is important to those who finance healthcare, including private employers, the government, and managed care organizations. Value can be increased by improving quality, reducing cost, or both. Should the government be in a central position to is…

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The concept of value (improved benefits at lower costs) is important to those who finance healthcare, including private employers, the government, and managed care organizations. Value can be increased by improving quality, reducing cost, or both. Should the government be in a central position to issue physician practice guidelines based on cost efficiency? Why or why not? Support your rationales with evidence from the literature.

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