Final answer:
Managed care was not developed by the federal government to compete with insurance companies in providing healthcare.
Step-by-step explanation:
The statement in the question is False. Managed care was not developed by the federal government to compete with insurance companies in providing healthcare. Managed care is a system of delivering healthcare services in which patients receive their care from a network of healthcare providers who have agreed to provide services at a reduced cost. This system is typically utilized by private insurance companies and healthcare organizations, not the federal government.