Definition of Insolvency

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TeachMeFinance.com - explain Insolvency



Insolvency

The term 'Insolvency ' as it applies to the area of Medicare in the United States can be defined as ' When a health plan has no money or other means to stay open and give health care to patients'.

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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".


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