On what basis should health be discounted?
The discount rate to be applied in health care programmes should be based on the time preference rate for health, and this same rate should be applied to costs as well. Due to the limited tradeability of health, when eliciting its time preference rate, the intertemporal choices must be framed in such a way as to resemble as closely as possible those facing health planners and decision makers.
Department of Economics, University of Tromsø, Norway.
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D003625:Data Collection; D005544:Forecasting; D015276:Health Care Rationing / Q000191:economics* / Q000458:organization & administration / Q000706:statistics & numerical data; D006302:Health Services Research; D006801:Humans; D015233:Models, Statistical; D009664:Norway; D011788:Quality of Life; D011907:Rate Setting and Review / Q000379:methods* / Q000706:statistics & numerical data; D013996:Time and Motion Studies; D026712:Value of Life