Underpayment

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Underpayment

The act of paying an amount under the full amount. For example, if one's mortgage payment is $600 per month but one only pays $400 for July, one has underpaid the mortgage. Underpayment is not sustainable and may lead to serious financial difficulties. However, paying what one can afford when one cannot pay the full amount may be easier for both the obligor and the obligee.
References in periodicals archive ?
Companies that continue to underpay for the next four years will have their rate increased to 10.
The fines could run into thousands of pounds, especially if companies underpay large numbers of workers.
The three judge eleventh circuit panel noted in its earlier affirmation that: "(T)his trial is not about the managed care industry; it is about whether several large HMOs conspired to systematically underpay doctors.
There's no public policy reason to allow Cambridge and AON to underpay its adjusters when insurance companies in California are held to the law," commented Stan Salzman, co-counsel for the class.
In a detailed 70 page opinion, the three judge panel noted: "(T)his trial is not about the managed care industry; it is about whether several large HMOs conspired to systematically underpay doctors.
AHCA has many priority concerns, including inadequate inflation adjustments, unjust Medicare therapy caps that unfairly target patients in nursing facilities, a dysfunctional Medicaid program that underpays for care provided in nursing facilities, and a legal system requiring real federal and state tort reforms to help roll back exorbitant liability insurance rates that threaten patient access to quality care.