Flat-of-the-curve medicine: A new perspective on the production of health

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Flat-of-the-curve medicine: A new perspective on the production of health. / Schoder, Johannes; Zweifel, Peter.
In: Health Economics Review, Vol. 1, No. 1, 2, 01.01.2011, p. 1-10.

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@article{2de65f4559df43c1bc8bfdb93f64db46,
title = "Flat-of-the-curve medicine: A new perspective on the production of health",
abstract = "Health economists have studied the determinants of the expected value of health status as a function of medical and non-medical inputs, often finding small marginal effects of the former. However, medical inputs may have an additional benefit in the form of a reduced variability of health status. Using the standard deviation of life expectancy in 24 OECD countries between 1960 and 2005, a 10 percent increase of health care expenditure is associated with a decrease of an estimated 0.42 percent. Willingness to pay for such a reduction of uncertainty may well exceed the extra health care expenditure in the United States and Switzerland. This implies that even in these two countries with very high health care expenditure per capita, flat-of-the-curve medicine need not be wasteful.",
keywords = "Management studies, Control over health status, Production of health, Willingness to pay",
author = "Johannes Schoder and Peter Zweifel",
year = "2011",
month = jan,
day = "1",
doi = "10.1186/2191-1991-1-2",
language = "English",
volume = "1",
pages = "1--10",
journal = "Health Economics Review",
issn = "2191-1991",
publisher = "Springer",
number = "1",

}

RIS

TY - JOUR

T1 - Flat-of-the-curve medicine

T2 - A new perspective on the production of health

AU - Schoder, Johannes

AU - Zweifel, Peter

PY - 2011/1/1

Y1 - 2011/1/1

N2 - Health economists have studied the determinants of the expected value of health status as a function of medical and non-medical inputs, often finding small marginal effects of the former. However, medical inputs may have an additional benefit in the form of a reduced variability of health status. Using the standard deviation of life expectancy in 24 OECD countries between 1960 and 2005, a 10 percent increase of health care expenditure is associated with a decrease of an estimated 0.42 percent. Willingness to pay for such a reduction of uncertainty may well exceed the extra health care expenditure in the United States and Switzerland. This implies that even in these two countries with very high health care expenditure per capita, flat-of-the-curve medicine need not be wasteful.

AB - Health economists have studied the determinants of the expected value of health status as a function of medical and non-medical inputs, often finding small marginal effects of the former. However, medical inputs may have an additional benefit in the form of a reduced variability of health status. Using the standard deviation of life expectancy in 24 OECD countries between 1960 and 2005, a 10 percent increase of health care expenditure is associated with a decrease of an estimated 0.42 percent. Willingness to pay for such a reduction of uncertainty may well exceed the extra health care expenditure in the United States and Switzerland. This implies that even in these two countries with very high health care expenditure per capita, flat-of-the-curve medicine need not be wasteful.

KW - Management studies

KW - Control over health status

KW - Production of health

KW - Willingness to pay

UR - http://www.scopus.com/inward/record.url?scp=84971216438&partnerID=8YFLogxK

UR - https://www.mendeley.com/catalogue/f289eb91-d429-3f24-8617-5073dda09c9f/

U2 - 10.1186/2191-1991-1-2

DO - 10.1186/2191-1991-1-2

M3 - Journal articles

C2 - 22828160

VL - 1

SP - 1

EP - 10

JO - Health Economics Review

JF - Health Economics Review

SN - 2191-1991

IS - 1

M1 - 2

ER -

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