from The American Heritage® Dictionary of the English Language, 4th Edition
- n. A corporation financed by insurance premiums whose member physicians and professional staff provide curative and preventive medicine within certain financial, geographic, and professional limits to enrolled volunteer members and their families.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- Health Maintenance Organization
- Home of Multiple Occupation - a rented house typically let as individual rooms, often to students or migrant workers.
from the GNU version of the Collaborative International Dictionary of English
- n. A health maintenance organization; a form of group health insurance that entitles members to services of participating hospitals and clinics and physicians.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. group insurance that entitles members to services of participating hospitals and clinics and physicians
The Healthcare ($HMO - 3. 63\%) group was among Tuesday's weaker groups, and the HMO Index slumped to a new low close.
With HMO style plans, the person can make a lot of low cost visits but the HMO is able to impose cost controls on both the patient and the doctor.
More important for the HMO is the ability to control the doctors behavior.
What happens if word gets out that this HMO is the best place to go if you have diabetes?
It's niave to pretend that the HMO is evil but the doctor is always the good guy prescribing just the right care.
So considering that this HMO is costing you probably a few hundred a month why not switch to a catastrophic plan?
In principle an HMO is the same thing except taken to a larger extreme.
Riegn in HMO beaurocracy, reign in waste, reign in corruption and things will be better.
"Big Business/Pharma/HMO" is worried about profits, not patients.
But because a person's tenure with an HMO is typically shorter than the decades it takes for the unhealthy lifestyle choices of young adulthood to turn into the chronic illnesses of late middle age, the HMOs incentive to help their present clients remain healthy in the distant future is limited.