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An Ounce of Prevention

Bibliographic Data

ID4029424
AuthorsJoseph P Newhouse (0000-0001-5837-3203, Joseph P. Newhouse is John D. MacArthur Professor of Health Policy and Management, Harvard University, Cambridge, Massachusetts and Research Associate, National Bureau of Economic Research, Cambridge, Massachusetts. His e-mail address is ., corresponding author)
Year2021
Volume35
Issue2
Pages101-118
Publication date2021-05-01
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic Perspectives (JOURNAL)
Journal identifiersISSN: 0895-3309 • E-ISSN: 1944-7965
PublisherAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.35.2.101
OpenAlexW3043772249
LanguageEN
Citations received5
References cited7

I look at prevention through an economic lens and make three main points. First, those advocating preventive measures are often asked how much money a given measure saves. This question is misguided. Rather, preventive measures can be thought of as insurance, with a certain cost in the present that may or may not pay off in the future. In fact, although most medical preventive measures improve expected health, they do not save money. Various lifestyle and early childhood interventions, however, may both save money and improve health. Second, preventive measures, including medical and life style measures, are heterogeneous in their value, both across measures and within measure, across individuals. As a result, generalizations in everyday discourse about the value of prevention can be overly broad. Third, health insurance coverage for medical preventive measures should generally be more extensive than coverage for the treatment of a medical condition, though full coverage of preventive services is not necessarily optimal

Actuarial science · Business · Political science · Preventive healthcare · Public health · Computer Science · Health disparities and outcomes · Health Promotion and Cardiovascular Prevention · Healthcare Policy and Management · Law · Medicine · Nursing

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Citations per year1.25
Citation span2022 - 2024 (3)
Highly citedNo

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