Adaption of New Technologies and Costs of Health Care
AbstractNew technological applications are usually expected to increase the health care costs. But they can also spawn cost savings in the long run, for example, when making time-consuming diagnostic methods more efficient and facilitating targeted therapy. This study analyses how the implementation of new technological applications in acute treatment affects the long-term cost structure of health care. The non-monetary utility is compared to cost-efficiency impacts of a new technology. A theoretical apparatus is constructed and utilized in two empirical cases : thrombolytic therapy for stroke, and Boron Neutron Capture Therapy (BNCT) on glioblastoma-type brain cancers. The empirical cases indicate how the monetary cost-efficiency of the new technologies can be related to the non-monetary patient utility.
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Bibliographic InfoPaper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1037.
Length: 40 pages
Date of creation: 2006
Date of revision:
Find related papers by JEL classification:
- I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
- L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-09-23 (All new papers)
- NEP-HEA-2006-09-23 (Health Economics)
- NEP-IAS-2006-09-23 (Insurance Economics)
- NEP-INO-2006-09-23 (Innovation)
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