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Adaption of New Technologies and Costs of Health Care

Author

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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.

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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    References listed on IDEAS

    as
    1. Kaitila, Ville, 2001. "Accession countries' comparative advantage in the internal market : A trade and factor analysis," BOFIT Discussion Papers 3/2001, Bank of Finland, Institute for Economies in Transition.
    2. Kaitila, Ville, 2004. "The Factor Intensity of Accession and EU15 Countries' Comparative Advantage in the Internal Market," Discussion Papers 925, The Research Institute of the Finnish Economy.
    3. Neven, Damien J, 1994. "Trade Liberalization with Eastern Nations. How Sensitive?," CEPR Discussion Papers 1000, C.E.P.R. Discussion Papers.
    4. Algieri, Bernadina, 2004. "Trade specialisation patterns : the case of Russia," BOFIT Discussion Papers 19/2004, Bank of Finland, Institute for Economies in Transition.
    5. Ville Kaitila, 2002. "Accession Countries’ Comparative Advantage in the Internal," International Trade 0209001, EconWPA.
    6. Kaitila, Ville & WidgrÉn, Mika, 1999. "Revealed Comparative Advantage in Trade between the European Union and the Baltic States," Discussion Papers 697, The Research Institute of the Finnish Economy.
    Full references (including those not matched with items on IDEAS)

    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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