Medical technology and health expenditure: an economic review and a proposal.
This paper is an evaluative survey of the economic literature on the relationship between technology and/or innovation and health expenditures. Various types of analysis viz. econometric modelling; three residual approaches; the cost-of-illness approach; and the literature on supplier interests are contrasted, and the results presented. The paper concludes with a discussion of the policy and planning implications, and a simple, and conventional, proposal is made that could unambiguously determine this relationship in the case of process innovations.
D004059:Diffusion of Innovation; D004469:Economics, Hospital / Q000639:trends; D005102:Health Expenditures / Q000639:trends*; D013677:Medical Laboratory Science / Q000191:economics*; D008962:Models, Theoretical