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Cost Effectiveness Analysis

Some Problems of Implementation

Bibliographic Data

ID9101735
AuthorsCarolyn Watts (0000-0001-7793-5363, University of Washington), Carolyn A Watts, Morgan Jackson (University of Washington), James P Logerfo (0000-0003-2895-0721, University of Washington)
Year1979
Volume17
Issue4
Pages430-434
Publication date1979-04-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueMedical Care (JOURNAL)
Journal identifiersISSN: 0025-7079 • E-ISSN: 1537-1948
PublisherOvid Technologies (Wolters Kluwer Health) (PUBLISHER)
DOI10.1097/00005650-197904000-00011
PMID107371
OpenAlexW2036902393
LanguageEN
Citations received2
References cited2

Cost benefit analyses in the health sector frequently deal with situations in which the money value of the benefits is either difficult or impossible to measure. This paper asserts that the use of cost effectiveness analysis as a means of escaping the need to place a dollar value on benefits does not escape the need for appropriately discounting these benefits when they accrue in different periods over time. The choice of an appropriate discount rate is discussed, and the benefits of elective hysterectomy are used to demonstrate that a serious bias can result from ignoring the need for discounting

Actuarial science · Cost–benefit analysis · Discounting · Economics · Liberian dollar · Present value · Public economics · Time value of money · Value (mathematics) · Value for money · Computer Science · Finance · Health Systems, Economic Evaluations, Quality of Life · Healthcare cost, quality, practices · Healthcare Policy and Management

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    Open Access•Terry Peak, Ronald W Toseland et al.•Journal of Aging and Health•1995

  • Foundations of Cost-Effectiveness Analysis for Health and Medical Practices

    Milton C Weinstein, William B Stason•New England Journal of Medicine•1977

  • Evaluation of Life and Limb

    E J Mishan•Journal of Political Economy•1971

Unique citing works2
Citations per year0,04
Citation span1981 - 1995 (15)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 1

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