Toolbox
  • User rankingRating: n/a
  • Add to favoritesBookmark
  • Save as PDFSave as PDF
  • PrintPrint
  • EmailEmail
  • Blog ItBlog It
  • Stumble ItStumble It!
Digg It Reddit del.icio.us Save to Yahoo! bookmarks Save to Windows live Share on facebook Save to MySpace Slashdot it science news feed Add to google
- size +

Study: Healthcare spending gains value

Each year, millions of dollars are spent on U.S. healthcare and now a Maryland study indicates the expenditure is worth it -- and has a positive return.
Bryan Luce, senior research scientist for the United BioSource Corp., said the study he led especially applies to those who suffer a heart attack, stroke, type two diabetes or breast cancer.

"We calculate that over the last 20 years, the return on investment is positive for overall national healthcare spending; Medicare spending on heart attack, stroke, breast cancer and diabetes; and all major healthcare innovations which we could both identify and which were associated with (the) four diseases," said Luce.

Specifically, he says each additional dollar spent on overall healthcare services was calculated to produce health gains valued from $1.55 to as much as $1.94.

Luce said the study demonstrates it is possible to validly estimate the value of healthcare spending. The authors conclude cost should not be considered in isolation without estimating the value of the investment in healthcare.

The research appears in the publication Value in Health.

Copyright 2006 by United Press International
» Next Article in General Science: Animals learn predators' foot movements

would you recommend this story?

 

User Rating

Not rated yet
  • not at all
  • 1
  • 2
  • 3
  • 4
  • 5
  • highly

Leave a Comment or