Pharma and Biotech Industry Management
Cost-sharing refers to the practice of dividing the costs of healthcare services between the insurer and the insured, typically through mechanisms like deductibles, copayments, and coinsurance. This approach aims to reduce unnecessary healthcare utilization by making patients more conscious of their healthcare expenses, while also helping insurers manage overall costs. It plays a significant role in determining how much individuals pay for their medical care and can influence access to services and financial protection.
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