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Jul 20, 2004 · Discounting is a mathematical procedure for adjusting future costs and outcomes of health-care interventions to “present value”; essentially this means adjusting for differences in the timing of costs (expenditure) compared to health benefits (outcomes).
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nomic evaluations in health care support uniform...
- Value in Health
Literature Review of Methods to Translate Health‐Related...
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benefits over five years are $500, outweighing the costs of $450. The conclusion. would be that there is a net-benefit to society from this program.Discount. g the benefits decreases the total benefits in today’s dollars. At a 5% discount rate, the program still has a small positive benefit (of $5), but, if the disco.
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Discounting is a technique commonly used in cost-effectiveness analysis to 'make fair' comparisons of programmes whose costs and outcomes occur at different times. It is not a correction for inflation. While there is general agreement among health economists regarding the need to discount, there is less consensus on the procedure for ...
- David A. Katz, H. Gilbert Welch
- 1993
Thus, future research could explore the implications of discounting rates on healthcare decisions given how differences in discounting rates could impact the value of healthcare and interventions. This study serves as relevant material to researchers on the discounting landscape, methodological implications and the potential impact on national healthcare systems.
Oct 10, 1999 · Failure to discount future health related benefits will tend to show more favourable cost effectiveness ratios compared with discounting. For instance, an evaluation of two view mammography for breast screening showed an undiscounted marginal cost per life year of £1200. 7 However, discounting the life years (at 6%) increased the marginal cost per life year by 74%, to £2092.
- David J Torgerson, James Raftery
- 1999
Dec 17, 2019 · The question of appropriate discount rates in health economic evaluations has been a point of continuous scientific debate. Today, it is widely accepted that, under certain conditions regarding the social objective of the healthcare decision maker and the fixity of the budget for healthcare, a lower discount rate for health gains than for costs is justified if the consumption value of health ...
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However, the rationale for differential discounting is based on the interest in short-term government bonds and anticipated budget changes. Discussion: This review demonstrates variation in both discounting approaches and rates across EE guidelines and underscores the need for a global consensus on discounting approaches.
