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Adaption of New Technologies and Costs of Health Care

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  • Kulvik, Martti
  • Linnosmaa, Ismo
  • Hermans, Raine

Abstract

New 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 Info

Paper provided by The Research Institute of the Finnish Economy in its series Discussion Papers with number 1037.

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Length: 40 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:rif:dpaper:1037

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Keywords: technology; health care; costs;

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