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Catastrophic health expenditure refers to out-of-pocket health spending that is so high in relation to a household’s available income or consumption that it threatens the household’s ability to maintain a basic standard of living. This concept is significant in the study of health economics, especially when assessing the equity and effectiveness of healthcare systems. A health _____ ____ ________ ________ ___ _____ __________ ___ _______ __________ ___.
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