Cost rate

Cost rate

The ratio of the cost (or outgo, expenditures, or disbursements) of the programme on an incurred basis during a given year to the taxable payroll for the year. In this context, the outgo is defined to exclude benefit payments and administrative costs for those uninsured persons for whom payments are reimbursed from the general fund of the Treasury, and for voluntary enrollees, who pay a premium to be enrolled.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Insurance
Category: Medicare & Medicaid
Company: Centers for Medicare & Medicaid Services
Product:
Acronym-Abbreviation:

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Related terms

cost rate

Insurance; Medicare & Medicaid

The ratio of the cost (or outgo, expenditures, or disbursements) of the program on an incurred basis during a given year to the taxable payroll for the year. In this context, the ...

demand costs (rate)

Energy; Natural gas

That part of the total cost of service which must be recovered through use of a demand rate; i.e., a rate for each Mcf of gas representing the customer's demand on the Company's ...

commodity costs (rate)

Energy; Natural gas

That part of the total cost of service which must be recovered through use of a commodity rate; i.e., a rate for each Mcf of gas sold. Revenue from a commodity rate varies with ...

cost rate table

Software; Operating systems

A collection of information about a resource's rates, including the standard rate, overtime rate, any per-use cost, and the date when the pay rate takes effect. You can establish ...

summarized cost rate

Insurance; Medicare & Medicaid

The ratio of the present value of expenditures to the present value of the taxable payroll for the years in a given period. In this context, the expenditures are on an incurred ...

rate

Science; General science

A quantity measured in relation to another quantity, usually a period of time, is termed as rate.

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