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HOUSE_OVERSIGHT_021077

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Bundled Payment (Healthcare) - Also Conservatorship - The legal process by known as episode-based payment, defined which an external entity (in the case of as the reimbursement of health care Fannie Mae and Freddie Mac, the federal providers (such as hospitals and physicians) government) establishes control and on the basis of expected costs for clinically- oversight of a company to put it in a sound defined episodes of care. It has been and solvent condition. described as "a middle ground" between ; — fee-for-service reimbursement (in which Consumption - In principle, the value of providers are paid for each service rendered goods and services purchased and used up to a patient) and capitation (in which during a given period by households and providers are paid a "lump sum" per patient governments. In practice, the Bureau of regardless of how many services the patient Economic Analysis counts purchases of receives). many long-lasting goods (such as cars and clothes) as consumption even though the Business Cycle - Fluctuations in overall goods are not used up. Consumption by business activity accompanied by swings in households alone is also called consumer the unemployment rate, interest rates, and spending. See national income and product corporate profits. Over a business cycle, real accounts. (inflation-adjusted) activity rises to a peak _ ; (its highest level during the cycle) and then Cost-of-Living Adjustment (COLA) - An falls until it reaches a trough (its lowest level annual increase in Social Security and other following the peak), whereupon it starts to entitlement payments to reflect price rise again, defining a new cycle. Business inflation. cycles are irregular, varying in frequency, Current-Account Balance - A summary magnitude, and duration. (NBER) See real measure of a country’s current transactions and unemployment rate. with the rest of the world, including net Cash Accounting - A system of accounting exports, net unilater

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