Examlex
Price lining refers to the systematic determination of the right price for a product or service.
Medical Necessity
A judgment by a healthcare provider that a specific treatment, test, or procedure is essential for diagnosing or treating a patient's condition in accordance with accepted standards of medical practice.
Deductible
The amount paid out of pocket by the policyholder before an insurance company pays a claim.
Predetermined Amount
A specific quantity or sum set in advance.
Group Insurance
An insurance policy that covers multiple people under one contract, typically offered by employers, associations, or organizations.
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