Measuring adverse selection in managed health care

Article Abstract:

Factors relating to health care costs are combined using an index to analyze which services may be affected by selection initiatives in capitation health plans.

Managed care plans (Medical care)

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The friction cost for measuring indirect costs of disease

Article Abstract:

A new method has been developed for estimating the indirect costs of disease. The method, called the friction cost method, analyzes the impact of workers' absences on productivity and the influence of the labor market situation on the indirect cost by taking into account the short-, middle and long-term effects of illness. Its applicability has been validated through the investigation of short-term friction costs in Netherlands in 1990.

Health aspects, Economic aspects, Labor productivity

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Accounting for future costs in medical cost-effectiveness analysis

Article Abstract:

A study was conducted on cost-effectiveness analysis of medical interventions in the allocation of medical expenditures using the lifetime utility maximization model. Results showed that the cost-effectiveness standards in the allocation of medical expenditures are consistent with the lifetime utility maximization model if these standards account for future related and unrelated medical expenditures. However, large magnitudes of unrelated medical expenditures can cause substantial alterations on the cost-effectiveness of medical interventions.

Models, Finance, Health care industry, Medical care, Cost of, Health care costs, Efficient market theory, Utility theory, Utility functions

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