Study: Healthcare spending gains value

Apr 18, 2006

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

Explore further: Scientists seek more tombs at ancient Greek site

add to favorites email to friend print save as pdf

Related Stories

Mysterious glowworm found in Peruvian rainforest

2 hours ago

(Phys.org) —Wildlife photographer Jeff Cremer has discovered what appears to be a new type of bioluminescent larvae. He told members of the press recently that he was walking near a camp in the Peruvian ...

Recommended for you

When shareholders exacerbate their own banks' crisis

Nov 21, 2014

Banks are increasingly issuing 'CoCo' bonds to boost the levels of equity they hold. In a crisis situation, bondholders are forced to convert these bonds into a bank's equity. To date, such bonds have been ...

Trouble with your boss? Own it

Nov 21, 2014

Don't get along with your boss? Your job performance may actually improve if the two of you can come to grips with the poor relationship.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.