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Out-Of-Pocket
Expenses for services not reimbursed by insurance, paid directly by the consumer.
Health Insurance
Health insurance is a type of insurance coverage that pays for medical and surgical expenses incurred by the insured, often including benefits for preventive care and health-related services.
Efficiency Loss
The loss of economic efficiency that occurs when the optimal allocation of resources is not achieved, often due to market failures or externalities.
Health Insurance
An insurance policy that covers or reimburses the policyholder for their medical and surgical costs resulting from sickness or injury.
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