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ERIC Number: EJ432264
Record Type: CIJE
Publication Date: 1991
Pages: N/A
Abstractor: N/A
Reference Count: 0
ISSN: ISSN-0016-9013
Comparing Apples and Oranges: Does Cost-Effectiveness Analysis Deal Fairly with the Old and Young?
Welch, H. Gilbert
Gerontologist, v31 n3 p332-36 Jun 1991
Considers role patient age plays in cost-effectiveness analysis. Quantifies magnitude of age bias and describes means to modify it. Present value analysis (discounting) is demonstrated to markedly attenuate effect of patient age on cost-effectiveness analysis. Explains how, as discount rate grows, difference in potential "life-years" between old and young gets smaller and age bias is minimized. (Author/NB)
Publication Type: Journal Articles; Opinion Papers
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A