Concept information
Preferred term
out-of-pocket costs
Definition
- For most goods and services, the full price is borne by consumers. However, for healthcare services, third-party payers (e.g., government programs or private insurers) typically make partial or full payments on the consumer's behalf. [Source: Encyclopedia of Medical Decision Making; Costs, Out-of-Pocket]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/out-of-pocket_costs
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