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Cost-containment
Measures taken to control or restrict medical care expenditures or to reduce the rate of their growth. This includes a broad range of cost control mechanisms e.g. limiting budgets, cost-sharing, regulation of supply of services and staff, patients' waiting lists, exclusion of certain people from entitlement to services, standard costing, privatization, and managed competition.
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- Part of Speech: noun
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- Industry/Domain: Medical
- Category: Medical research
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