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TeachMeFinance.com - explain Cost Report Cost Report The term 'Cost Report ' as it applies to the area of Medicare in the United States can be defined as ' The report required from providers on an annual basis in order to make a proper determination of amounts payable under the Medicare program'. Previous 5 Terms: Cost of debt Cost of preferred stock Cost of retained earnings Cost of service Cost Rate Next 5 Terms: Cost Sharing Cost, insurance, freight (CIF) costal Cost-Based Health Maintenance Organization Cost-based rates (electric) About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.