Cost concepts in health economics
Article Abstract
Cost concepts in health economics are essential for understanding how resources are allocated within healthcare systems, particularly in low-income countries such as Uganda. This article examines various types of healthcare costs, including direct, indirect, intangible, capital, and opportunity costs, along with methods for valuing health costs. Additionally, the article addresses key concepts such as average, marginal, and joint costs, and discusses the implications of out-of-pocket expenses for individuals and families in Uganda. Understanding these cost structures enables policymakers to optimize resource allocation, making informed decisions to enhance healthcare accessibility and efficiency.
Indexed Terms
Health Costs
Direct Costs
Indirect Costs
Opportunity Costs
Uganda
Health Economics
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Citation
How to Cite this Article
Nyonjo Jason, Nakibuule Sauda. "Cost concepts in health economics." International Journal of Economics and Business Management , vol. 1 , no. 1 , 2024 , pp. 240-244