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- W3025506550 abstract "Measuring the lifetime costs and benefits of medical technologies is essential in evaluating technological change and determining the productivity of medical care. Using data on Medicare beneficiaries with a heart attack in the late 1980s and 17 years of follow up data, I evaluate the long-term costs and benefits of revascularization after a heart attack. I account for non-random selection into treatment with instrumental variables; following McClellan, McNeil, and Newhouse, the instrument is the differential distance to a hospital capable of providing revascularization. The results show that revascularization is associated with over 1 year of additional life expectancy, at a cost of about $40,000. Revascularization, or other treatments correlated with it, appears to be highly cost-effective." @default.
- W3025506550 created "2020-05-21" @default.
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- W3025506550 date "2007-10-01" @default.
- W3025506550 modified "2023-09-27" @default.
- W3025506550 title "The Lifetime Costs and Benefits of Medical Technology" @default.
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