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As I was reading chapter 6 on
costs and came to table 6.2 on pg. 152, I
had a suggestion that is very easy to add to the table and sometimes
(many times!) helps non-quantitative decision-makers. A cumulative PV
column (column 6) can be a nice addition. As a forensic economist I am
always projecting future economic loss and then discounting the stream
of benefits. I have found that with a cumulative column you can glance
at a particular year and know the magnitude of the PV of cost without
having to add up the numbers. Just a thought.
If you visit the www.ssrn.com site you may be familiar with this
already. It basically is a collection of economic articles by journal
topic--macro, micro, econometrics, etc.
Under the section I-Health if you click on the forst category after I0
and then click number 3- there is an interesting article that I just
downloaded
Should the Consumption of Survivors be Included as a Cost in CUA?
Response:
Technically, yes. Practically speaking, very few researchers actually include
survival costs. The Panel on Cost-Effectiveness in Health and Medicine
recommends that costs both with and without survival valuations be included.Survival
costs (future medical goods and services consumed) can be obtained via MEPS
(see the "Data" section of this
website.)
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© 2002 Peter Muennig, MD, MPH. Last update: Jan 12, 2003.