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Managing Risk and Serving the Needs of a Population Is

question 8

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Managing risk and serving the needs of a population is a long standing requirement for health services.


Definitions:

Implicit Marginal Tax Rate

The rate at which future benefits decrease as an individual’s income increases due to the phasing out of assistance or benefits.

Marginal Income Tax Rate

The rate at which the last dollar of a person's income is taxed, reflecting the incremental tax paid on incremental income.

Explicit Benefit-reduction Rate

The specified rate at which benefits decrease as income or other factors change, often related to welfare policies.

Incidence of Poverty

The proportion or rate of a population living below the poverty line, indicating the extent of poverty in a given area.

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