Valuing Health Care
Costs, Benefits, and Effectiveness of Pharmaceuticals and Other Medical Technologies

This book is about the cost effectiveness of present and future medical technologies.

Frank A. Sloan (Edited by)

9780521576468, Cambridge University Press

Paperback, published 28 August 1996

288 pages, 39 b/w illus. 15 tables
22.8 x 15.3 x 2 cm, 0.383 kg

'A fine set of papers by superb authors who well describe the current state-of-the-art in cost benefit and cost effectiveness analysis.' Joseph P. Newhouse, Harvard University

As expenditure on health care has increasingly become an area of public debate and concern, public and private health care decision-makers have called for more rigorous use of cost-benefit and cost-effectiveness analysis to guide spending. Concerns have arisen, however, about the overall quality of such analyses. This book discusses and evaluates best-practice methods of conducting cost-benefit and cost-effectiveness studies of pharmaceuticals and other medical technologies. It encompasses a wide variety of topics, ranging from measuring cost and effectiveness to discounting to the use of dynamic modelling of cost-effectiveness. The book also includes conceptual and practical aspects of cost-effectiveness analysis by researchers who have conducted applied research in these areas. Rarely does the book provide a singular solution to a measurement problem; rather, the reader is directed to choices among alternative approaches and an analysis of the advantages and disadvantages of each.

1. Introduction Frank A. Sloan
2. Evidence of effectiveness: evaluating its quality Allan S. Detsky
3. Utility assessment for estimating quality-adjusted life years Robert M. Kaplan
4. Measuring costs David Dranove
5. From cost-effectiveness ratios to resource allocation: where to draw the line? Milton C. Weinstein
6. Valuing health care benefits in money terms Mark V. Pauly
7. Discounting health effects for medical decisions W. Kip Viscusi
8. Statistical issues in cost-effectiveness analyses John Mullahy and Willard Manning
9. Decision trees and Markov models in cost-effectiveness research Emmett Keeler
10. Alternative methods of allocating health resources under constraints Frank A. Sloan and Christopher J. Conover.

Subject Areas: Microeconomics [KCC]