Centers for Medicare & Medicaid Services (CMS)
The U.S. federal agency that administers Medicare, Medicaid, and the Children's Health Insurance Program (CHIP).
Detailed Explanation
CMS sets the regulations and guidelines for these government-funded healthcare programs and also plays a role in the implementation of the Affordable Care Act.
Practical Example
Hospitals and doctors who participate in Medicare must follow the rules and regulations set forth by CMS to ensure they are providing quality care to beneficiaries.
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