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Innovation, aging, and health care: Unraveling “silver” from “red” herrings?

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  • Joan Costa‐Font
  • Rosella Levaggi

Abstract

This perspective paper argues that a sustainable health system design encompasses identifying opportunities and incentives for innovation, alongside an analysis of its effect on expenditure. Although aging alone is not a powerful cost driver, the combined effect of costly innovation, personalized care, and the rise of chronic conditions is. We identify an increasing role of prevention, the reduction of the prevalence of chronic conditions, re‐organisation of incentives in health care markerts, including a closer scrutiny of the appropriateness of new treatments.

Suggested Citation

  • Joan Costa‐Font & Rosella Levaggi, 2020. "Innovation, aging, and health care: Unraveling “silver” from “red” herrings?," Health Economics, John Wiley & Sons, Ltd., vol. 29(S1), pages 3-7, October.
    • Handle: RePEc:wly:hlthec:v:29:y:2020:i:s1:p:3-7
    DOI: 10.1002/hec.4187
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    References listed on IDEAS

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Chris Sampson’s journal round-up for 28th December 2020
      by Chris Sampson in The Academic Health Economists' Blog on 2020-12-28 12:00:00

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