The Road to Cost-Effectiveness Analysis

The empirical literature on cost-benefit analysis in health care concentrates on savings in direct expenditures and averted losses in earnings; valuation of intangible benefits has received little attention. A shift toward cost-effectiveness analysis in health care, although more limited, makes estimates more useful in decision-making within the public sector. But if well executed, it can also lay a firm foundation for future cost-benefit analysis.

Author(s): Herbert E. Klarman

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Volume 60, Issue 4 (pages 585–603)
Published in 1982