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Today's Terms
Managed care
Definition:
Any system that manages healthcare delivery with the aim of controlling costs. Managed care systems typically rely on a primary care physician who acts as a gatekeeper through whom the patient has to go to obtain other health services such as specialty medical care, surgery, or physical therapy.
Punitive damages
Definition:
Also called exemplary damages, which are designed to punish a defendant whose behavior in causing the plaintiff's injuries was especially egregious.
Compensatory damages
Definition:
Which measure actual dollar-value losses for such things as medical expenses, lost income, loss of future earning capacity, etc.
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