Examlex
The shrinking marketplace,conglomerates,multinational corporations,globalization,and the global factory are all terms describing important parts of the world economy.Define these terms and describe how they affect how business is conducted.
Duplication of Payment
The act of making the same payment more than once, often due to administrative error or oversight, leading to unnecessary financial outlay.
Fee-For-Service
Payment for each service that is provided; individuals who choose to pay high premiums so that they have the flexibility to seek medical care from health care professionals of their choice.
High Premiums
A term related to insurance indicating a higher cost for coverage, usually due to perceived increased risk or higher value of what's being insured.
Third-Party Payer
An entity (other than the patient or healthcare provider) responsible for paying for health care services, often an insurance company or government program.
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