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
- Cream Skimming
- A practice where an insurer or provider selectively attracts healthier, lower-cost enrollees while avoiding sicker ones, undermining risk pooling.
F
- Free Rider Problem in Insurance
- The tendency for healthy individuals to skip buying insurance while relying on emergency care or others' willingness to fund risk pools.
R
- Risk Pool
- The group whose healthcare costs are collectively financed through a shared insurance arrangement, with premiums covering those who become ill.
- Risk Pooling
- Risk pooling is the health-financing process of combining prepaid funds so that the costs of healthcare are shared across members rather than borne entirely by individuals when they become ill.