The Value of New Healthcare-related Technologies - in the Context of HTA - Frank R. Lichtenberg

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The Value of New Healthcare-related Technologies - in the Context of HTA - Frank R. Lichtenberg by PDF Summary

Book Description: Lichtenberg Columbia University and National Bureau of Economic Research [email protected] HTA is usually based on a concept known as the incremental cost-effectiveness ratio • The incremental cost-effectiveness ratio of an intervention is the ratio of the change in costs of a therapeutic intervention (compared to the alternative, such as doing nothing or using the best available alte. [...] price at time of launch • Incremental cost-effectiveness ratio is usually evaluated using the price of the drug at the time of launch • In the U. [...] Productivity gains Availability of new drugs and Americans' ability to work Research objectives • Investigate the extent to which the introduction of new drugs has increased society's ability to produce goods and services, by increasing the number of hours worked per member of the working- 18 hours worked per member of the working- age population. [...] Cumulative number of drugs approved for three conditions relative to the cumulative number of drugs approved for that condition in 1975 2 2.2 2.4 2.6 2.8 diabetes migraine asthma 21 1 1.2 1.4 1.6 1.8 1975 1980 1985 1990 1995 2000 Year Summary of estimates • The introduction of new drugs reduces: - The probability of being unable to work - The probability of being limited in work - The probability. [...] • The estimated benefit of the new drugs, in terms of the value of the increase in workforce participation and hours, is almost nine times as great as the estimated cost of the new drugs.

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Corporate Takeovers and Productivity

Corporate Takeovers and Productivity

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In this revealing study Frank Lichtenberg uses Census Bureau and other data on hundreds of business transactions during the 1970s and 1980s to examine the effec