CAPITATION Definition

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CAPITATION, generally, is a tax or payment levied on the basis of a fixed amount per person. In medical insurance, it is a method of paying for healthcare services on the basis of the number of patients who are covered for specific services over a specified period of time rather than the cost or number of services that are actually provided.

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CONSUMER is an individual who purchases, uses, maintains, and disposes of products and services.

INPUT VAT is the VAT on a companys input supplies. See also VALUE ADDED TAX (VAT).

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