A single-payer system is a health care system in which one entity collects all health care fees and pays all health care costs. Generally, single-payer systems are operated and regulated by the government, which sets the rules and decides what gets paid.
The FDA is the acronym for the Food and Drug Administration. It falls under the jurisdiction of the Department of Health and Human Services (HHS). It is responsible for protecting and advancing the public???s health and securing the nation???s food supply as well as monitoring and approving the safety of prescription drugs and medical devices.
NIH is the acronym for the National Institutes of Health. It is part of the U.S. Department of Health and Human Services (HHS), and it serves as the nation???s medical research agency. NIH is the largest source of funding for medical research in the world, awarding grant money to universities and research centers in the […]
Self-pay means that the patient pays completely out of pocket for his or her medical care and is therefore often paying the full retail price for health care, unless a hospital or doctor provides a sliding scale. Self-pay individuals pay much more than those with health benefits because they do not have the clout or […]
COBRA is the acronym for the Consolidated Omnibus Budget Reconciliation Act of 1986. According to the U.S. Department of Labor, the landmark legislation provides for continuation of group health coverage that otherwise might be terminated. COBRA provisions give certain former employees, retirees, spouses, former spouses and dependent children the right to temporary continuation of their […]
The CDC is the acronym for the Centers for Disease Control and Prevention. It is the nation???s top public health agency and one of the main components of the Department of Health and Human Services (HHS). Based in Atlanta, Ga., it works to protect the health of people and communities by identifying and preventing potential […]
Medical underwriting is the process used by insurance companies to determine whether to offer an individual health care coverage and how much a policy premium will cost. It also can be used to determine coverage exclusions or limits.