COST SHARING Meaning and
Definition
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Cost sharing is a term that refers to the practice of dividing or sharing the expenses or financial burden of a particular activity or project among multiple parties. It is commonly used in various contexts, such as healthcare, research, and business ventures.
In healthcare, cost sharing typically involves the sharing of medical expenses between patients and their insurers. It usually takes the form of deductibles, copayments, or coinsurance, where individuals are required to pay a portion or percentage of the total healthcare costs while the insurer covers the rest. This sharing of costs aims to encourage individuals to be more conscious and responsible for their healthcare utilization.
In research, cost sharing can involve the sharing of expenses between government funding agencies and research institutions. For example, a university may receive funding for a research project from a government agency, but also contribute their own funds or resources to support the research.
In business ventures, cost sharing refers to the practice of pooling resources or funds from multiple parties to jointly undertake a project or investment. This sharing of costs allows for the allocation of financial risks and rewards among the involved parties, creating a sense of shared responsibility and incentivizing collaboration.
Overall, cost sharing entails the division of financial responsibilities among multiple parties, which helps distribute the burden and promote shared accountability.
Common Misspellings for COST SHARING
- xost sharing
- vost sharing
- fost sharing
- dost sharing
- cist sharing
- ckst sharing
- clst sharing
- cpst sharing
- c0st sharing
- c9st sharing
- coat sharing
- cozt sharing
- coxt sharing
- codt sharing
- coet sharing
- cowt sharing
- cosr sharing
- cosf sharing
- cosg sharing
- cosy sharing
Etymology of COST SHARING
The term "cost sharing" is formed by combining the words "cost" and "sharing".
The word "cost" dates back to the 13th century, derived from the Old French word "coste", meaning "rib" or "side". It later evolved to mean the expenditure or amount required to produce or attain something.
The word "sharing" is derived from the Old English word "scearu", meaning a portion or division. It pertains to the act of distributing or apportioning something among multiple individuals or groups.
Therefore, the etymology of the term "cost sharing" refers to the practice of dividing or distributing expenses or financial burdens among multiple parties involved.
Idioms with the word COST SHARING
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cost sharing
The idiom "cost sharing" refers to the practice of dividing expenses or financial burdens among multiple parties, usually in a cooperative or collaborative manner. It involves sharing the costs or expenses for a particular project, activity, or venture, thereby reducing the burden on one individual or organization and distributing the financial responsibility among the participants.
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