Health economics is a branch of economics concerned with efficiency, effectiveness, value and behavior in the delivery and consumption of health and healthcare. This section address health expenditures and insurance coverage of pediatric patients.
Health spending is defined as the final consumption of health goods and services. It includes spending by both public and private sources (including households) on curative, rehabilitative and long-term care, and medical goods, as well as spending on public health and prevention programs, and their administration. This is presented as per financing agent (public, private and out-of-pocket expenditure) and is measured in percentage of gross domestic product (GDP).