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Adaption of New Technologies and Costs of Health Care

Author

Listed:
  • 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.

Suggested Citation

  • Kulvik, Martti & Linnosmaa, Ismo & Hermans, Raine, 2006. "Adaption of New Technologies and Costs of Health Care," Discussion Papers 1037, The Research Institute of the Finnish Economy.
  • Handle: RePEc:rif:dpaper:1037
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    More about this item

    Keywords

    technology; health care; costs;

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • L65 - Industrial Organization - - Industry Studies: Manufacturing - - - Chemicals; Rubber; Drugs; Biotechnology; Plastics

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