Word of the day

Thursday, October 2

Patient-centered Care

Model for care delivery that accounts for the needs and preferences of patients and their families.

Wednesday, October 1

Affordable Care Act (ACA)

Commonly used shorthand for the Patient Protection and Affordable Care Act, the 2010 health care reform law signed by President Obama; often referred to as Obamacare.

Tuesday, September 30

Dual Eligibles

Medicare Part A and/or B recipients who either qualify for Medicare Savings Program or qualify for Medicaid benefits.

Monday, September 29

Risk Corridor

Provision designed to manage unpredictability in the insurance market. Plans with lower than anticipated costs are required to pay a portion of their savings into a fund designated to help plans with higher than anticipated costs.

Friday, September 26

Health Insurance Exchange

A health insurance exchange is a market where a individuals select their health insurance coverage. Exchanges can be private, like those used by private companies for their employees, or they can be public, like the ACA’s state-based insurance exchanges that allow individuals to select coverage and receive income-based subsidies if they qualify.

Thursday, September 25

Post-acute Care

Medical care provided after serious hospitalization (examples include: rehabilitation, long-term care).

Wednesday, September 24

Premium Tax’

Fee levied on health insurance companies

Tuesday, September 23

Affordable Care Act (ACA)

Commonly used shorthand for the Patient Protection and Affordable Care Act, the 2010 health care reform law signed by President Obama; often referred to as Obamacare.

Monday, September 22

Access

The ability to attain medical care which can often be affected by the availability of insurance, price of care and the location of the needed care providers.

Friday, September 19

Risk Corridor

Provision designed to manage unpredictability in the insurance market. Plans with lower than anticipated costs are required to pay a portion of their savings into a fund designated to help plans with higher than anticipated costs.

Withhold

A portion of payments that an insurance company does not pay to health care providers unless that particular provider keeps costs under an agreed upon…