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Cost sharing effort is included in the calculation of total committed effort. Effort is defined as the portion of time spent on a particular activity expressed as a percentage of the individual's total activity for the institution. [3] Cost sharing can be audited and must be allowable under cost principles and verifiable to records.
In economics and mechanism design, a cost-sharing mechanism is a process by which several agents decide on the scope of a public product or service, and how much each agent should pay for it. Cost-sharing is easy when the marginal cost is constant: in this case, each agent who wants the service just pays its marginal cost. Cost-sharing becomes ...
A derivative is "sharing Dutch", having a joint ownership of luxury goods. For example: four people share the ownership of a plane, boat, car, or any other sharable high-end product. This in order to minimize cost, sharing the same passion for that particular product and to have the maximum usage of this product. [citation needed]
Sharing Ratio: the agreed upon cost sharing proportion, normally expressed in percentage (e.g. 85% for the client / 15% for the contractor). It is often different for cost overruns and cost underruns. Other components of incentive fee contracting include: Maximum Fee: the highest fee that may be earned, usually expressed as a percentage.
Michigan’s Tri-Share program represents a cost-sharing approach where the state, the employer and the employee each pay for one-third of child care.
Increased cost sharing is associated with lower rates of drug treatment, worse adherence among existing users, and more frequent discontinuation of therapy. For each 10% increase in cost sharing, prescription drug spending decreases by 2% to 6%, depending on class of drug and condition of the patient.
The cost sharing reductions (CSR) subsidy is the smaller of two subsidies paid under the Patient Protection and Affordable Care Act (ACA) as part of the healthcare system in the United States. The subsidies were paid from 2013 to 2017 to insurance companies on behalf of eligible enrollees in the ACA to reduce co-payments and deductibles.
ARDEN, N.C. — Rachel Kaplan was uninsured when she became pregnant last year. So her doctor suggested an alternative: a nonprofit called Sedera, which bills itself as a medical cost-sharing service.