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Health Economics is a branch of economics concerned with issues related to the production and consumption of health and healthcare.
It applies the theories and tools of economics to the topics of health and healthcare, broadly dealing with how resources are allocated in the areas of health and healthcare.
Here are some key aspects that Health Economics typically covers:
In essence, health economics provides a framework for thinking about decisions in terms of their costs (resources consumed) and their effects on people's health, helping make more informed decisions in healthcare policy or healthcare management.
Reference: John Hopkins
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