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Private Health Insurance
Health insurance plans provided by private entities rather than the government, offering coverage for health care expenses to individuals and families.
Elective Surgical Procedure
A non-emergency surgery chosen by the patient, often for improvement rather than necessity.
Equilibrium Price
Equilibrium Price is the market price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Deductible
The dollar sum of (for example, health care) costs that an insured individual must pay before the insurer begins to pay.
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