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 SkimmingCherry Picking, Favourable Risk Selection
- A practice where an insurer or provider selectively attracts healthier, lower-cost enrollees while avoiding sicker ones, undermining risk pooling.
R
- Risk PoolingFund Pooling, Financial Pooling
- Risk pooling is the accumulation and management of prepaid health funds for a defined population so that the financial consequences of health-care need are shared across members rather than borne solely by each person when illness occurs.