Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
C
- Cost Sharing
- The general term for the portion of healthcare costs an insured person pays directly, covering deductibles, copayments, and coinsurance.
- Cost Sharing Agreement
- An arrangement dividing a treatment's cost burden between payer and manufacturer according to a predefined formula, managing affordability within a fixed budget.
- Cost Sharing Design
- The specific combination of deductibles, copayments, coinsurance, and out-of-pocket maximums selected for a plan, determining enrollees' overall financial exposure.
- Cost-Sharing Reduction
- A policy or benefit feature lowering the out-of-pocket amount a patient pays for healthcare, typically targeted at lower-income individuals.