What is the PMPM cost in health insurance?
Hey, folks! Let's dive into this intriguing world of health insurance, specifically the term PMPM cost. It's not a secret language, I promise! PMPM just stands for "Per Member Per Month" cost. It's a pretty cool way health insurers calculate their costs, by spreading them across all their members on a monthly basis. It's like sharing a pizza - the more friends you have, the less you pay! So, in a nutshell, PMPM is your monthly share of the insurance company's overall costs. Insurance jargon, decoded!
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