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New Medical Treatments, Quality Improvements and Public Health Measures in the National Accounts: The Effects of the Diabetes Prevention Programme

Author

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  • Weale, Martin

Abstract

This paper discusses the problem of reflecting the impact of new and improved medical treatments including preventative public health measures in measures of health services gross output and in the prices of medical and public health services. Both the treatment in mainstream national accounts and in a satellite health account are considered. An algebraic framework is set out. In the mainstream national accounts the new service is initially priced at its reservation price defined with reference to gains in quality-adjusted life years (QALYs) and reductions in costs. Withdrawn services are similarly treated. In thesatellite account, the increase in QALYs plus cost savings less costs incurred are measured relative to the QALYs generated by medical services net of costs of production. The framework is applied to the UK’s Diabetes Prevention Programme. The impacts on both prices and volumes of this are shown to be small.

Suggested Citation

  • Weale, Martin, 2024. "New Medical Treatments, Quality Improvements and Public Health Measures in the National Accounts: The Effects of the Diabetes Prevention Programme," Discussion Papers escoe-dp-2024-12, Economic Statistics Centre of Excellence.
    • Handle: RePEc:eoe:escoed:escoe-dp-2024-12
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    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • I19 - Health, Education, and Welfare - - Health - - - Other

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