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Healthcare System Costs

Meaning

Healthcare System Costs represent the total financial expenditure incurred by individuals, payers, and society for the provision and consumption of medical goods and services related to health maintenance, disease treatment, and wellness optimization. These costs encompass direct expenses like clinical visits, pharmaceuticals, hospital stays, and diagnostic testing, as well as indirect costs such as lost productivity due to illness. Understanding and managing these costs, particularly those driven by chronic, hormonally-linked diseases, is crucial for sustainable public and private health models.