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Positive, constant, common rate
- Most guidelines currently recommend discounting both costs and health effects at a positive, constant, common rate back to a common point in time.
Dec 7, 2022 · This study highlights substantial variations in the discount rates for costs and benefits in healthcare EE guidelines. Most EE guidelines emphasize equal discounting, which is partly due to budget constraints, the social objective of the economy and positive time preference.
Jul 31, 2015 · Most guidelines currently recommend discounting both costs and health effects at a positive, constant, common rate back to a common point in time. A review of 84 published economic evaluations of vaccines found that most of them apply these recommendations.
- Mark Jit, Walter Mibei
- 2015
Jul 20, 2004 · Compared to a constant discount rate over time, a declining discount rate would clearly support health-care programs with costs now and outcomes in the far future, or even a next generation. Empirical findings support a declining discount rate for health benefits.
- Johan L. Severens, Richard J. Milne
- 2004
Results: All of the official sources recommended a positive discount rate for both health effects and costs, and most recommended a specific rate (range, 1% to 8%). The most frequently specified rates were 3% and 5%.
- David H. Smith, Hugh Gravelle
- 2001
Feb 27, 2024 · To see how central the choice of discount rate is for valuing costs and benefits that accrue in the future, consider three discount rates applied to this $4,500 benefit: the 2 percent rate ...
Oct 18, 2019 · Most economic evaluations in global health apply a discount rate of 3%, in line with guidelines developed for the USA. This discount rate is out of line with the economic context of low- and middle-income countries (LMICs), where a discount rate of 5–6% would generally be more appropriate.
Discounting costs and health benefits in cost-effectiveness analysis has been the subject of recent debate - some authors suggesting a common rate for both and others suggesting a lower rate for health. We show how these views turn on key judgments of fact and value: on whether the social objective …
