Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
F
- Free Pricing
- A pricing environment in which manufacturers set a drug's initial launch price without direct government price controls, largely the case in the US.
P
- Price Control
- A government-imposed limit on the price charged for a good or service, set as either a ceiling or a floor.
Q
- Quantity Distortion
- A deviation of the quantity produced or consumed from the level that would prevail under efficient conditions, often caused by price controls or insurance.