The lifetime costs and benefits of medical technology
The lifetime costs and benefits of medical technology
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DOI:
10.1016/j.jhealeco.2007.09.003
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发表时间:
2007-12-01
影响因子:
3.5
通讯作者:
Cutler, David M.
中科院分区:
文献类型:
--
作者:
Cutler, David M.
Measuring the lifetime costs and benefits of medical technologies is essential in evaluating technological change and determining the productivity of medical care. Using data on Medicare beneficiaries with a heart attack in the late 1980s and 17 years of follow up data, I evaluate the long-term costs and benefits of revascularization after a heart attack. I account for non-random selection into treatment with instrumental variables; following McClellan, McNeil, and Newhouse, the instrument is the differential distance to a hospital capable of providing revascularization. The results show that revascularization is associated with over I year of additional life expectancy, at a cost of about $40,000. Revascularization, or other treatments correlated with it, appears to be highly cost-effective. (c) 2007 Published by Elsevier B.V.