Medical Cost Ratio (MCR)

Medical Cost Ratio (MCR),

Medical Cost Ratio (MCR) means,

  • Definition of Medical Cost Ratio (MCR): The doctor's fee ratio is the ratio that compares the cost of health insurance to your income. The medical expense ratio is one of the many indicators of insurance's financial status. It is used by all major healthcare companies to ensure that they comply with their regulations and tax requirements.

    • The doctor's fee ratio is the ratio that compares the cost of health insurance to your income.
    • The Medical Expenditure Index is used by all major healthcare companies to ensure that they comply with their regulations and tax requirements.
    • Under the Affordable Care Act (ACA), health insurers are now required to use most of the premiums received to improve the quality of medical services and healthcare.

Literal Meanings of Medical Cost Ratio (MCR)

Medical:

Meanings of Medical:
  1. Medical science or the treatment of diseases and wounds.

Sentences of Medical
  1. Medical center

Synonyms of Medical

technological, technical

Cost:

Meanings of Cost:
  1. Payment (a sum of money) is required before receiving or performing (an item or action).

Sentences of Cost
  1. The price of each issue of the magazine is 25 2.25

  2. It is your job to discover what that is and to bring it about.

Synonyms of Cost

levy, put a price on, put a figure on, sell for, charge, value, asking price, estimate the cost of, fare, hire charge, fee, selling price, rental, tariff, be valued at, evaluate, come to, be priced at, be, market price, fetch, estimate the price of, price, put a value on, toll

Ratio:

Meanings of Ratio:
  1. A quantitative relationship between two quantities that indicates how many times one value is included or whether another quantity is included.

Sentences of Ratio
  1. The male-female employment ratio is 8 to 1

Synonyms of Ratio

relationship, proportion, correspondence, quantitative relation, balance, comparative extent, comparative number, correlation

MCR:

Meanings of MCR:
  1. Central common room.