Tuesday, August 25
Process through which a primary care doctor solicits help from specialists with regard to treatment.
Thursday, August 20
Cadillac Health Plan
A colloquial term for expensive health plans – with generous benefits. The Affordable Care Act puts a tax on employer-sponsored plans with total premiums over an adjusted price starting in 2018.
Tuesday, August 18
The High Cost Plan Excise Tax, which is often referred to as the “Cadillac Tax” is one of the revenue raising provisions in the 2010 Patient Protection and Affordable Care Act. The excise tax is calculated by comparing the cost of an employer-sponsored plan (which includes premiums paid by the employer and/or employee as well as any contributions into health accounts such as health savings accounts of flex savings accounts) to a benchmark, which will be adjusted every year based on the Consumer Product Index (CPI). Any amount above the benchmark is taxed at 40 percent; this tax is levied on the health insurance company but is generally understood to be passed onto the consumer, or firm purchasing that plan.
Monday, August 10
Health Information Technology (Health IT)
Networks and technology that allow for health care organizations to gather, store and share information electronically.
Friday, August 7
Pay for Performance
A health care payment method, which offers incentives to providers in exchange for meeting or exceeding the quality and cost benchmarks. Systems also punish providers for not meeting benchmarks in order to encourage the improvement of quality.