Please use this identifier to cite or link to this item: http://dlib.scu.ac.ir/handle/Hannan/721610
Title: Technological Development and Medical Productivity: The Diffusion of Angioplasty in New York State
subject: medical productivity;technological change
Publisher: Elsevier
Description: A puzzling feature of many medical innovations is that they simultaneously appear to reduce unit costs and increase total costs. We consider this phenomenon by examining the diffusion of percutaneous transluminal coronary angioplasty (PTCA)—a treatment for coronary artery disease—over the past two decades. We find that growth in the use of PTCA led to higher total costs despite its lower unit cost. Over the two decades following PTCA’s introduction, however, we find that the magnitude of this increase was reduced by between 10 and 20% due to the substitution of PTCA for CABG. In addition, the increased use of PTCA appears to be a productivity improvement. PTCAs that substitute for CABG cost less and have the same or better outcomes, while PTCAs that replace medical management appear to improve health by enough to justify the cost.
Economics
URI: http://dlib.scu.ac.ir/handle/Hannan/721610
http://nrs.harvard.edu/urn-3:HUL.InstRepos:2664291
More Information: Cutler, David and Robert Huckman. 2003. Technological development and medical productivity: The diffusion of angioplasty in New York state. Journal of Health Economics 22(2): 187-217.
0167-6296
10.1016/S0167-6296(02)00125-X
Appears in Collections:Faculty of Arts and Sciences

Files in This Item:
Click on the URI links for accessing contents.
Title: Technological Development and Medical Productivity: The Diffusion of Angioplasty in New York State
subject: medical productivity;technological change
Publisher: Elsevier
Description: A puzzling feature of many medical innovations is that they simultaneously appear to reduce unit costs and increase total costs. We consider this phenomenon by examining the diffusion of percutaneous transluminal coronary angioplasty (PTCA)—a treatment for coronary artery disease—over the past two decades. We find that growth in the use of PTCA led to higher total costs despite its lower unit cost. Over the two decades following PTCA’s introduction, however, we find that the magnitude of this increase was reduced by between 10 and 20% due to the substitution of PTCA for CABG. In addition, the increased use of PTCA appears to be a productivity improvement. PTCAs that substitute for CABG cost less and have the same or better outcomes, while PTCAs that replace medical management appear to improve health by enough to justify the cost.
Economics
URI: http://dlib.scu.ac.ir/handle/Hannan/721610
http://nrs.harvard.edu/urn-3:HUL.InstRepos:2664291
More Information: Cutler, David and Robert Huckman. 2003. Technological development and medical productivity: The diffusion of angioplasty in New York state. Journal of Health Economics 22(2): 187-217.
0167-6296
10.1016/S0167-6296(02)00125-X
Appears in Collections:Faculty of Arts and Sciences

Files in This Item:
Click on the URI links for accessing contents.
Title: Technological Development and Medical Productivity: The Diffusion of Angioplasty in New York State
subject: medical productivity;technological change
Publisher: Elsevier
Description: A puzzling feature of many medical innovations is that they simultaneously appear to reduce unit costs and increase total costs. We consider this phenomenon by examining the diffusion of percutaneous transluminal coronary angioplasty (PTCA)—a treatment for coronary artery disease—over the past two decades. We find that growth in the use of PTCA led to higher total costs despite its lower unit cost. Over the two decades following PTCA’s introduction, however, we find that the magnitude of this increase was reduced by between 10 and 20% due to the substitution of PTCA for CABG. In addition, the increased use of PTCA appears to be a productivity improvement. PTCAs that substitute for CABG cost less and have the same or better outcomes, while PTCAs that replace medical management appear to improve health by enough to justify the cost.
Economics
URI: http://dlib.scu.ac.ir/handle/Hannan/721610
http://nrs.harvard.edu/urn-3:HUL.InstRepos:2664291
More Information: Cutler, David and Robert Huckman. 2003. Technological development and medical productivity: The diffusion of angioplasty in New York state. Journal of Health Economics 22(2): 187-217.
0167-6296
10.1016/S0167-6296(02)00125-X
Appears in Collections:Faculty of Arts and Sciences

Files in This Item:
Click on the URI links for accessing contents.