Arbeitspapier
The science of making better decisions about health: Cost-effectiveness and cost-benefit analysis
Despite spending far more on medical care, Americans live shorter lives than the citizens of other high-income countries. The situation has been getting worse for at least three decades. This paper describes the main scientific methods for guiding the allocation of resources to health - cost-effectiveness analysis (CEA) and cost-benefit analysis (CBA), sketches their methodological progress over the last several decades, and presents examples of how medical practice in other high-income countries, where people live longer, follows the priorities indicated by cost-effectiveness analysis. CEA and CBA support democratic decision-making processes, which have themselves benefited from scientific inquiry; these are touched on at the end of the paper.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2014-06
- Classification
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Wirtschaft
Allocative Efficiency; Cost-Benefit Analysis
- Subject
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cost-effectiveness analysis
cost-benefit analysis
- Event
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Geistige Schöpfung
- (who)
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Russell, Louise B.
- Event
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Veröffentlichung
- (who)
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Rutgers University, Department of Economics
- (where)
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New Brunswick, NJ
- (when)
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2014
- Handle
- Last update
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10.03.2025, 11:41 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Russell, Louise B.
- Rutgers University, Department of Economics
Time of origin
- 2014
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