Glossary


Healthcare terms are varied and can be confusing at times.   The purpose of this glossary is to demystify and clarify. If you have any questions or terms you feel should be included, please contact us info@hcacfoundation.org  

TERM DEFINITION
SB 1129 Senator Bernie Sanders' Medicare for All Act
HR 1384 Representative Pramila Jayapal's Medicare for All Act
Buy-In To pay money to secure a position or place in some organization, especially a business.                                                                                                       
Conflict of Interest A situation in which the concerns or aims of two different parties are incompatible; one party could be in a position to receive personal benefits from actions or decisions made in their official capacity, such as an insurance company or politician.
Medicaid A medical benefits program administered by each individual state and subsidized by the Federal government; which helps with medical costs for individuals with low incomes, limited assets, and/or disabilities.
Medicare government program that provides health insurance to cover medical costs for people aged 65 and older. Link to Medicare Glossary#1     Link to Medicare Glossary#2
Medicare Advantage Plans Offered by private companies, with approval from Medicare, who then pays these companies to cover your Medicare
Medicare for All

National health insurance for everyone living in the United States

Medigap

Private insurance plans that supplement Original Medicare coverage.

National vs state based Health insurance run by the federal government vs Health insurance run individual states
Original Medicare (Traditional Medicare) Medicare Parts A & B
PHARMA/PHRMA The pharmaceutical industry
Privatizing Medicare Changing Medicare from a guaranteed benefits program as it stands today, into one where individuals would have to buy their own health insurance
Public Option A government-run health insurance agency from which people could purchase policies instead of from private health insurers
Risk Pool A health insurance risk pool is a group of individuals whose medical costs are combined to calculate premiums
Risk Score A combination of health factors which predict the likelihood that an individual will experience a particular outcome such as going to the hospital or getting a particular disease
Single insurer health care system Same as single-payer; a government run system in which everyone gets health care from one insurer
Single payer A government system, typically backed by taxes, in which everyone gets health care from one insurer, run by the government
Socialized medicine The provision of medical and hospital care for all by means of public funds.
Takings An action by the federal government, as a regulatory ruling, that imposes a restriction on the use of private property for which the owner must be compensated.
Universal healthcare A system that provides quality medical services and financial protection to all residents