What Are the Five Criteria That Provincial and Territorial Health

question 42

Essay

What are the five criteria that provincial and territorial health insurance plans must adhere to in order to be eligible for federal funding? List and describe each.

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Definitions:

Gross Margin

The difference between revenue and cost of goods sold, which shows the profitability of a company's core activities.

Return On Total Assets

A financial ratio that measures a company's profitability relative to its total assets.

Return On Equity

A profitability measure that calculates the amount of net income returned as a percentage of shareholders' equity.

Earnings Per Share

A measure of a company's profitability that calculates the portion of a company’s profit allocated to each outstanding share of common stock.