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- 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).
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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Discounting in Economic Evaluations in Health Care: A Brief Review SUMMARY What is CREST? The Centre for Health Economics Research and Evaluation (CHERE) at UTS has been contracted by Cancer Australia to establish a dedicated Cancer Research Economics Support Team (CREST) to provide high quality, expert advice and support to Multi-site
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This report reviews the theoretical and empirical evidence for the appropriate discount rate for use in Canada, to inform the deliberations of CADTH and the advisors in developing the 4th Edition of the Guidelines for the Economic Evaluation of Health Technologies: Canada.
Dec 7, 2022 · One common practice in EE is discounting to provide a logical basis for transforming future healthcare costs and benefits to ‘present value’. Future costs and benefits are discounted due to pure time preference, economic growth and the catastrophic risk of the intervention [8, 9].
This report provides an overview of the different theoretical bases for selecting a discount rate, as well as the empirical evidence supporting the estimation of the discount rate for Canada under each model.
Dec 17, 2019 · The article is structured as follows: We start with discussing the pros and cons of differential discounting. We present the widely accepted proposition that a lower discount rate for health gains than for costs is justified if the consumption value of health (v H) is growing over time.
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We describe the method of constant-rate discounting, which uses the same rate to discount costs and benefits, and examine its impact on the cost effectiveness of selected health interventions. This methodology has significant limitations, however.
