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What's Your Life Worth? Health Care Rationing... Who Lives? Who Dies? and Who Decides?

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ISBN-10: 0130671657

ISBN-13: 9780130671653

Edition: 2003

Authors: David Dranove

List price: $24.95
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Healthcare rationing is coming, with a vengeance. If you value your health, you'd better understand it--and be ready. In this book, one of the world's leading healthcare economists offers a hard-nosed analysis of today's soaring healthcare costs--and shows how it will feel to be at the mercy of a system that might choose not to cure you. Dranove previews the transition from today's ad hoc rationing to an era of "rational rationing," in which economic analysis of the value of human lives and specific treatments is both explicit and routine. He assesses the mixed results of rational rationing in Great Britain and Australia, where government decision-makers struggle with balancing science and…    
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Book details

List price: $24.95
Copyright year: 2003
Publisher: FT Press
Publication date: 3/12/2003
Binding: Hardcover
Pages: 208
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.100
Language: English

Introduction
Is It Nice to Ration?
Putting a Price on Your Life
The Pressure to Ration
Cutting to the Chase
Rationing Drugs Down Under
The National Institute for Clinical Excellence (Nice)
The Beta-Interferon Controversy
Medicine Versus Economics
Endnotes
Defending Rationing in Principle
Rationing and Toy Shopping
Are We Wasting Money on Health Care?
Moral Hazard
The Rand Study
Demand Inducement
Bad Buys in Health Care
The Wennberg Variations
Defending Rationing
Endnotes
Rationing Around the World
Rationing in Germany
Controlling Drug Costs in Germany
If It Looks Like Rationing
Rationing in Canada
The Consequences of Waiting Lists
The Future of Rationing in Canada
Rationing in England
Rationing Elsewhere in the World
Endnotes
Rationing in the U.S. Health Care Marketplace
Rationing Through the Market Mechanism: The Uninsured in the United States
Attempts to Provide Universal Coverage
Rationing Among Insured Americans
Government-Sponsored Rationing in the United States
A Brief History of Managed Care
MCO Strategies for Containing Costs
Whither Rationing in America?
Enough Is Enough
Endnotes
Doing Cost-Effectiveness and Cost-Benefit Research
Some Background on CEA
Is It Valid to Use CEA for Health Care?
Doing CEA/CBA
Measuring Costs
Discounting
Is CEA/CBA Research Valid?
CBA/CEA in Practice
Endnotes
Measuring the Quality of Life
Using Rating Scales to Measure Health States
Working with QALYs
Putting QALYs into Practice
All QALYs Are Equal
Measuring QALYs
How Do Your QALY Scores Measure Up?
The Quality of Well-Being (QWB) Scale
Concerns about QALYs
Discrimination and QALYs
Limitations of QALY Surveys
Summing Up CEA/CBA Methods
What about the PSA Test?
Endnotes
The Oregon Plan
Rationing in Oregon
The Story of Coby Howard
Toward a Rational Rationing Plan
The Creation of the Oregon Health Plan
The Oregon Plan and HMOs
Creating the List
The New List
More Protests
The Performance of the Rationing Plan
Oregon Ten Years Later
Where Do We Draw the Line?
Endnotes
What Is Your Life Worth?
Willingness to Pay, Human Capital, and Intrinsic Value
Pricing Life in the Real World
The Cost-of-Illness (COI) Approach
Using Surveys to Put a Price on Good Health
Some WTP Measures
Willingness to Pay for Life
How Useful Are WTP Measures?
Statistical Versus Identifed Lives
The Economic Approach to Valuing Statistical Lives
Other Evidence on the Value of Life
What Is Your Life Worth?
Value of a QALY
Responding to Mr. Mortimer
The Bottom Line
Endnotes
Rising Costs and Rational Rationing
The Health Care Budget "Crisis"
The Drain on the U.S. Economy
Targeting Technology
The Fallacy of Cost Containment
The Steady Drumbeat of Rational Rationing
Can Patients Be Rational?
Who Should Ration?
Rational Rationing in the Public Sector
Rational Rationing and Managed Care
The Real Obstacles
Rational Rationing in the 21st Century
Endnotes
Index