Final answer:
Managed care has transformed medical settings with its focus on cost-efficiency and preventive healthcare, backed by advancements in healthcare technology that have improved patient outcomes and quality of life.
Step-by-step explanation:
The implementation of managed care has significantly altered medical settings by focusing on cost-efficiency and preventive healthcare. Medical technologies have played a crucial role in this transformation. The introduction of healthcare technology like advanced surgical techniques, artificial organs, and diagnostic instruments has vastly improved patient outcomes. For example, a product like the filtration straw depicted in the image serves as a preventive healthcare device that can filter out harmful bacteria and parasites, ensuring safe drinking water and reducing the risk of water-borne diseases. These technological advancements have contributed to decreased mortality rates and increased life spans, leading to an overall improved quality of life for patients.