publication . Article . Other literature type . 2013

Economic Implications of Insufficient Health Literacy

Nikolina Dukić; Andrea Arbula Blecich; Ljerka Cerović;
Open Access
  • Published: 01 Jan 2013 Journal: Economic Research-Ekonomska Istraživanja, volume 26, pages 117-132 (issn: 1331-677X, eissn: 1848-9664, Copyright policy)
  • Publisher: Informa UK Limited
Abstract
The main goal of this paper is to elaborate the importance of health literacy in cost-effective utilization of health care services which influence the efficiency of the entire health care sector. In order to complement the theoretical framework of the economic implications and the circular influence of health literacy on the economy, an empirical analysis was carried out using S–TOFHLA. The results suggest that the patients’ personal characteristics and the accessibility to health care services influence the level of health literacy which affects the health care costs.
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Subjects
free text keywords: Economics and Econometrics, health literacy; information asymmetry; public healthcare costs; S-TOFHLA, Health education, Health promotion, Health literacy, HRHIS, Economic growth, Health care, business.industry, business, Health policy, Information asymmetry, Medicine, Health equity
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