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carveout

Syllabification: carve·out
Pronunciation: /ˈkärvout
 
/

Definition of carveout in English:

noun

1A small company created from a larger one: companies that are breaking up—through spin-offs, split-offs, and carveouts
1.1A class of medical procedures treated separately with regard to insurance coverage.
Example sentences
  • In the early days of carveouts, the medical profession watched them with a wary - if trusting - eye.
  • Texas' NorthSTAR program is a managed care mental health carveout that serves Medicaid and medically indigent patients in Dallas and six adjacent counties.
  • ‘I have had the opportunity to observe both public and for-profit managed care, especially when it comes to mental health carveouts,’ she said.
2The activity of effecting a carveout.
Example sentences
  • ‘Carveouts are here in full force,’ said Greenberg. ‘It's better to work with us than to make a statement that carveouts are bad and then just leave.’
  • A 2 percentage point carveout of Social Security taxes to fund private accounts?
  • In the spiral that operated in respect of WC [Workers' Compensation] carveout and related business, losses were inevitable year in, year out.

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