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Payment Error Rate Measurement (PERM)

The measure of the improper payments of Medicaid and CHIP, which results in an error rate for each program. These rates are based on multiple factors; fee-for-service (FFS), managed care and eligibility sections of Medicaid and CHIP in the fiscal year under review.

Excise Tax

A tax paid by the manufacturer or retailer of a good or service, as opposed to directly by the consumer (as in a sales tax).