ECON 338 Lecture Notes - Lecture 1: American Diabetes Association, American Heart Association, Indirect Costs
Document Summary
Cost beneit analysis: theory, discouning, value of life. Measure the total cost of a given medical condiion or type of health behavior on the overall economy. Total cost three major components: direct medical care costs. Incurred by medical care providers (hospitals, physicians, and nursing homes) All monetary costs imposed on any nonmedical care personnel, including paients. Transportaion to and from the medical care provider. Opportunity cost of the paient"s (or anyone else"s) ime associated with implementaion of the treatment. The monetary value of the loss in saisfacion or uility. The american diabetes associaion: direct and indirect cost of diabetes in 2007. billion indirect expenses such as lost work days and permanent. The american heart associaion disability: cost of cardiovascular disease and stroke. Figure 3-1 determinaion of the eicient level of output. Figure 3-2 under- and overprovision of medical services.
