Examlex
A disadvantage of decentralization is that the process does not give lower-level managers practice in developing their decision-making skills.
Socialized Approach
A method or practice where resources are owned, managed, and provided by the community as a whole or by a government, often emphasizing universal access to goods and services.
Single-payer Approach
A healthcare system where a single public or quasi-public agency organizes health care financing, but delivery of care remains largely private.
Medical Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.
Affordable Care Act
A comprehensive health care reform law enacted in March 2010, aimed at improving access to health insurance for American citizens.
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