Examlex
What is a subgroup of individuals or organizations sharing one or more characteristics that cause them to have relatively similar product needs?
Health Care Consumed
The total amount of health services and goods utilized by individuals or a population.
Copayment
The percentage of (say, health care) costs that an insured individual pays while the insurer pays the remainder.
Monopsony Power
A market situation in which there is only one buyer for a product or service, giving that buyer substantial control over market conditions.
Deferred Benefit Plan
A type of retirement plan in which employees receive benefits, such as pension income, at a later date following years of service, rather than receiving these benefits during their active employment.
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