A B C D E F G H I J L M N O P Q R S T U V W Y

Medicaid waiver

Authority granted by the secretary of Health and Human Services to allow a state to continue receiving federal Medicaid matching funds even though it is no longer in compliance with certain requirements of the Medicaid statute. States can use waivers to implement home...

medical device tax

A 2.3 percent tax on the sale of certain medical devices imposed on the manufacturer or importer of the devices that went into effect January 2013 under the Affordable Care Act. The Consolidated Appropriations Act of 2016 suspends the tax from January 2016 to December...

medical loss ratio

The ratio of money paid out by an insurer for claims, divided by premiums collected for a particular type of insurance policy. Low loss ratios indicate that a small proportion of premium dollars was paid out for benefits, while a high loss ratio indicates that a high...