Co-payment: A cost-sharing arrangement in which a covered person pays a specific charge for a specified service. For example, an HMO may have a $10 office co-payment for physician office visits, so the employee pays $10 at each doctorâs appointment.
The United Kingdom government austerity programme is a series of sustained reductions in public spending, intended to reduce the welfare state.The cuts have affected welfare and other public institutions. However, the NHS, education and later the defence budget were ringfenced and protected from spending cuts.ts original stated goal was to, achieve cyclically-adjusted current balance by the end of the rolling, five-year forecast period.. At the June 2010 budget, the end of the forecast period was 2015-16. However, in 2014 the Treasury extended the proposed austerity period until at least 2018.
9 Austerity measures Since 2010, austerity â primarily in the form of deep spending cuts with comparatively small increases in tax 10 â has been the UK governmentâs dominant fiscal policy, with far fewer measures to stimulate the economy.hile austerity measures have had some impact on reducing the deficit, they have delivered little growth, and public debt has risen from 56.6 per cent of GDP in July 2009 11 to 90 per cent of GDP (Â£1.39 trillion) in 2013. 12 The policies have also had far-reaching impacts on the poorest people in the UK.