In the US, public insurers such as Medicare are forbidden by law from applying formal health technology assessments - and in particular, cost-effectiveness analyses - in deciding whether to cover new health technologies, no matter how expensive. By contrast, in Beveridge countries, centralized health technology assessment is required before the public health care system will cover expensive new technologies. What is the nature of the social costs associated with covering a new technology in a Beveridge public healthcare system? What is the nature of the social costs associated with not covering a new technology in such a system? What economic problem does centralized health technology assessment partially address?

Question

Rayne Benton

Business

24 September, 05:46

In the US, public insurers such as Medicare are forbidden by law from applying formal health technology assessments - and in particular, cost-effectiveness analyses - in deciding whether to cover new health technologies, no matter how expensive. By contrast, in Beveridge countries, centralized health technology assessment is required before the public health care system will cover expensive new technologies. What is the nature of the social costs associated with covering a new technology in a Beveridge public healthcare system? What is the nature of the social costs associated with not covering a new technology in such a system? What economic problem does centralized health technology assessment partially address?

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Paisley Moreno · Answer 1

A.

1. It is usually expensive

2. New products are developed to treat diseases and medical conditions affecting humans.

3. It involves lost of training and retraining of medical technologist or health workers

B

1. It affects the health of the citizens. e. g increase in mortality rate, spread of diseases and infections

2. It reduces the economic strength of a nation/community

3. Reduces productivity at work and environment. This is because workers are not giving there best because of health challenges and failed health system

c.

HTA studies the social, medical, ethical and economic. implications of the health technology. It addresses the issues of human productivity by evaluating the impact of health technology.

Explanation:

What is the nature of the social costs associated with covering a new technology in a Beveridge public healthcare system?

1. It is usually expensive

2. New products are developed to treat diseases and medical conditions affecting humans.

3. It involves lost of training and retraining of medical technologist or health workers

What is the nature of the social costs associated with not covering a new technology in such a system?

1. It affects the health of the citizens. e. g increase in mortality rate, spread of diseases and infections

2. It reduces the economic strength of a nation/community

3. Reduces productivity at work and environment. This is because workers are not giving there best because of health challenges and failed health system

What economic problem does centralized health technology assessment partially address?

HTA studies the social, medical, ethical and economic. implications of the health technology. It addresses the issues of human productivity by evaluating the impact of health technology.