What Does It Mean If the Gap Between a Lorenz

question 9

Essay

What does it mean if the gap between a Lorenz curve and the diagonal line gets smaller over time? Explain.

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Definitions:

Accountable Care Organization

A healthcare organization that aims to tie provider reimbursements to quality metrics and reductions in the total cost of care for an assigned population of patients.

Group Plan

A type of insurance policy or benefits system that covers multiple individuals, typically employees of a company or members of an organization, under one contract.

Prospective Payment System

A healthcare payment system used by Medicare in which hospitals and other providers are paid a predetermined fixed amount for each inpatient stay or service rendered, based on the expected costs of care.

Predetermined

Established or decided in advance, often before relevant events or actions occur.