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Medicare as related to Insurance


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The term medicare (in lowercase) (French: assurance-maladie) is the unofficial name for Canada's universal public health insurance system. Under the terms of the Canada Health Act, the provinces provide all residents with health insurance cards, which entitle the bearer to receive free medical care for almost all procedures. Patients are free to choose their own doctor, hospital, etc. ...

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Ideally, insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a reasonable fee. ...


Medicare as related to Insurance


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December 6, 2009


Page Updated: January 17, 2009
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