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.
Continue reading the main story. On the eve of a huge strike by public sector workers to protest austerity measures, the British government said Tuesday that it was falling behind with its deficit reduction plan and that the measures would drag on for two more years.t would also require Britain to borrow an additional Â£111 billion, or $172 billion, through 2015, a step Mr. Osborne was eager to avoid. The austerity measures would now drag on far beyond the next general election, currently scheduled for 2015.