COST CONTAINMENT

a program objective which pursues regulation of prices associated with regulating and administering the program results. With regard to health administration, a variation of fiscal plans that are employed to inhibit health care prices from escalating.

COST CONTAINMENT: "A cost containment bill was passed in the Summer of 2012 for the state of Massachusetts to prevent overspending on healthcare."
Cite this page: N., Pam M.S., "COST CONTAINMENT," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/cost-containment/ (accessed September 27, 2020).
SHARE