Notes 02-29 - Lecture 10: Value of Health I. Cutler Book A....

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Lecture 10: Value of Health I. Cutler Book A. Chapter 1 – History of Health in US 1. Huge increase in life expectancy From 45 (born in 1900) to 80 (born in 2000) 2. Infant mortality high Infectious disease was a big problem Health improvements such as sanitation and nutrition caused decreases in infant mortality 3. 1940-60s Development of Penicillin/Antibiotics Decreased mortality at all ages 4. 1960s on: Lifestyle diseases such as heart disease, cancer; the “medicalization” of health care Lots of new, high tech treatments Decreased mortality in middle/old age 5. Quality of life at older ages? Improving: we’re living longer and in better shape B. Chapter 2 - Pricing the Priceless 1. Why put a dollar value on the benefits of health care? Helps us figure out whether we’re getting our money’s worth Resources are limited; health care is competing for those resources Helps us figure out the “right” amount of money to spend on health care This is a concern with health care because people are insured (and
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This note was uploaded on 04/10/2008 for the course ECON 232 taught by Professor Coile during the Spring '08 term at Wellesley College.

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Notes 02-29 - Lecture 10: Value of Health I. Cutler Book A....

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