It has been confirmed this morning that Lady Cilento's Children's Hospital will be renamed at an expected cost of half a million dollars to the taxpayer.

Queensland Health Minister Steven Miles proposed the name change after it was revealed a significant number of people wrongly believed Lady Cilento's to be a private hospital rather than a public one.

After gathering the support of 900 hospital staff, as well as the Board and it's fundraising arm, the hospital will be renamed ‘Queensland Children's Hospital’.