Certificate Of Need (con) Laws
Definition of "Certificate of need (con) laws"
Federal legislation passed in 1974 that mandated that legislators in all states that are in receipt of federal funds for health care review and approve any planned capital expenditures to be undertaken by health care institutions. Capital expenditures was defined as the purchase of major medical equipment and/or the expansion of physical facilities.
Popular Insurance Terms
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Mortality table, morbidity table that does not include current statistical experience. ...
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Measure of the rate at which policies are cancelled or allowed to lapse. The termination rate is a factor in setting premiums for group life and health policies. ...
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Nominal interest rate minus the rate of inflation. ...
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