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The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
The Ontario Health Insurance Plan (French: Assurance-Santé de l'Ontario), commonly known by the acronym OHIP (pronounced / ˈ oʊ h ɪ p / OH-hip), is the government-run health insurance plan for the Canadian province of Ontario.
Medicare (French: assurance-maladie) is an unofficial designation used to refer to the publicly funded single-payer healthcare system of Canada. Canada's health care system consists of 13 provincial and territorial health insurance plans, which provide universal healthcare coverage to Canadian citizens, permanent residents, and depending on the province or territory, certain temporary residents.
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As these healthcare costs continue to rise, a lack of insurance or insurance that does not cover all fees causes a rise in out-of-pocket expenses. [16] In addition, those with medical debts may increase in the future due to increasing patient cost-sharing and rising health care costs. [17]
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