Has medical innovation reduced cancer mortality?
Abstract
We examine the effects of two important types of medical innovation—diagnostic imaging innovation and pharmaceutical innovation—and cancer incidence rates on U.S. cancer mortality rates during the period 1996-2006. The outcome measure we use is not subject to lead-time bias, and our measures of medical innovation are based on extensive data on treatments given to large numbers of patients with different types of cancer. We estimate difference-in-difference models of the age-adjusted cancer mortality rate using longitudinal, annual, cancer-site-level data on over 60 cancer sites. There is a significant inverse relationship between the cancer mortality rate and both lagged imaging innovation and contemporaneous drug innovation, and a significant positive relationship between the cancer mortality rate and the lagged incidence rate. Imaging innovation, drug innovation, and declining incidence jointly explain about three-fourths of the decline in cancer mortality. Only 7% of the mortality decline is attributable to the decline in (lagged) incidence. About one-fourth of the mortality decline is attributable to drug innovation, and 40% of the decline is attributable to (lagged) imaging innovation. Life expectancy at birth may have been increased by almost three months between 1996 and 2006 by the combined effects of cancer imaging and cancer drug innovation.Download Info
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 15880.Length:
Date of creation: Apr 2010
Date of revision:
Handle: RePEc:nbr:nberwo:15880
Note: HC HE PR
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Keywords:Find related papers by JEL classification:
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- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- I12 - Health, Education, and Welfare - - Health - - - Health Production
- J1 - Labor and Demographic Economics - - Demographic Economics
- L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-04-17 (All new papers)
- NEP-HEA-2010-04-17 (Health Economics)
- NEP-INO-2010-04-17 (Innovation)
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