Overview
The cost of care is a critical aspect of healthcare that encompasses various expenses incurred by patients and providers. Understanding the components of healthcare costs, including direct and indirect expenses, is essential for making informed decisions about health services. Insurance plays a sign...
Key Terms
Example: The direct cost of a surgery includes the surgeon's fee and hospital charges.
Example: A patient missing work due to illness incurs indirect costs.
Example: John pays a monthly premium for his health insurance.
Example: Her deductible is $1,000, meaning she pays that amount before insurance kicks in.
Example: The co-pay for a doctor's visit is $20.
Example: After the deductible, she pays 20% of the costs as co-insurance.
Related Topics
Healthcare Financing
Explores how healthcare services are funded and the impact on costs.
intermediateHealth Insurance Basics
Covers the fundamentals of health insurance and its role in healthcare costs.
beginnerEconomic Impact of Healthcare
Analyzes how healthcare costs affect the economy and individual financial stability.
advancedKey Concepts
Healthcare ExpensesInsurance CoverageOut-of-Pocket CostsValue-Based Care