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Title XVIII of the Social Security Act

The section of federal law that established the Medicare program, which provides health insurance to Americans aged 65 or older, younger people with disabilities, and people with End-Stage Renal Disease.

Work Geographic Index

A factor used in the Medicare payment formula to adjust doctor fees based on the cost of practicing medicine (e.g., wages, rent) in different geographic areas across the country.

Physicians' Services

Medical care, treatments, and procedures provided by licensed doctors or other healthcare professionals under their supervision.

Floor

A minimum acceptable level or value that something cannot fall below.

Budget Neutral Manner

A policy approach where any increase in spending or cost in one area is fully offset by an equal decrease in spending or cost elsewhere, so there is no net change to the total budget.