In order for a health plan to be an "accountable health plan", who has the power to approve it?

Prepare for the Arizona Insurance Laws Exam. Study with flashcards, multiple choice questions, hints, and explanations for each question. Master the concepts required for your test.

In the context of health plans, the designation of an "accountable health plan" typically falls under the jurisdiction of a regulatory authority that oversees health insurance in a given state. In Arizona, this authority is the director of the state's insurance department. This individual is responsible for ensuring that health plans meet necessary regulations and standards, which include adherence to criteria that define accountability in health care delivery and management.

By empowering the director to approve health plans, the state can maintain oversight and ensure that the plans operate within the established legal framework, providing accountability and enhancing the quality of care delivered to members. This process also ensures that consumers have access to reliable and effective health coverage options.

While the other choices represent important stakeholders in the health insurance system, they do not have the regulatory authority to approve health plans. The insurance board may have advisory roles or oversight functions, the policyholder is the individual purchasing or enrolling in the health plan, and the health provider network consists of the medical professionals and facilities providing care but lacks the regulatory power to approve plans independently.

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