HMO Act of 1973

The HMO Act of 1973 was a U.S. law that promoted the creation of Health Maintenance Organizations (HMOs), which are organizations that offer comprehensive healthcare services for a fixed, prepaid fee. The law encouraged the development of HMOs by providing funding and regulatory support, aiming to make healthcare more affordable and accessible. It also established standards for quality care and preventive services, emphasizing a focus on keeping people healthy rather than just treating illness. Overall, the Act helped expand healthcare options and aimed to control costs within the healthcare system.