Chapter 2 Healthcare Economics Key Terms Review

Match the following

• prospective payment

• Provides healthcare coverage to active duty and retired military personnel and their dependents.

• TRICARE

• A for-profit health care facility usually owned by a corporation

• proprietary institution

• A type of insurance plan that requires the insured to share a portion of the costs for health care services even after a deductible has been met.

• co-insurance

• Measures to control health care costs and create an affordable health care system.

• health care cost containment

• A fixed amount that is predetermined by the medical diagnosis or specific procedure.

Medicaid, Medicare, and TRICARE are all

• private insurance plans

• managed care plans

• government plans

• direct payment plans

The monthly amount paid to a private insurance company for health insurance coverage.

• deductible

• premium

• co-insurance

• co-payment

A flat fee paid by the patient directly to the service provider each time the patient receives a health care service

• deductible

• premium

• co-insurance

• co-pay

The money a patient must bay BEFORE an insurance policy provides benefits.

• deductible

• premium

• co-insurance

• co-pay

People use this type of payment when their insurance doesn't cover all health care costs , when they do not have health insurance, or when they do not qualify for a government plan.

• prospective payment

• direct payment

• payroll deduction

• co-insurance