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Silver Plan

The second lowest actuarial level health plans available through the insurance exchanges, equal to a 70 percent actuarial value. An individual’s subsidy is based on the second lowest cost silver plan in their region. Bronze, Gold, and Platinum plans offer varying actuarial values.

Global Budgeting

A method of constraining costs wherein multiple providers are expected not to exceed a certain spending target (for example, the SGR), or where a provider…