Cadillac

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Cadillac (medical term)

Cadillac (pronounced: /ˈkædɪlæk/) is a term used in the medical field, particularly in the context of health insurance and medical billing in the United States. The term is derived from the luxury automobile brand, Cadillac, and is used to refer to high-cost, comprehensive health insurance plans.

Etymology

The term "Cadillac" in this context is derived from the Cadillac automobile brand, which is known for its luxury and high cost. The term is used metaphorically to refer to health insurance plans that are considered to be of high quality and cost.

Related Terms

  • Cadillac Tax: A proposed tax on high-cost health insurance plans, intended to encourage more cost-effective use of medical care. The tax was included in the Affordable Care Act, but has been delayed several times and is currently not in effect.
  • Cadillac Plan: A colloquial term for a high-cost, comprehensive health insurance plan. These plans often cover a wide range of medical services and have low deductibles and copayments.
  • Health Insurance: A type of insurance coverage that pays for the cost of an insured individual's medical and surgical expenses.
  • Affordable Care Act: A comprehensive health care reform law enacted in March 2010, also known as "Obamacare."

External links

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