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Health Economics

Meaning

Health Economics is a specialized field of study that applies economic principles and rigorous analytical methods to examine the efficiency, value, and distribution of health and healthcare resources within a societal context. It provides a structured framework for evaluating the comparative costs and clinical outcomes of various medical interventions, including novel hormonal therapies and wellness programs. The discipline’s central function is to inform policy decisions, ensuring that healthcare expenditure maximizes population health and optimizes the allocation of finite resources. Clinicians and policymakers utilize its findings to determine the cost-effectiveness of new treatments.