Read How Far Have We Come in Reducing Health Disparities?: Progress Since 2000: Workshop Summary PDF

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HSRA 950 — Medical Geography & Spatial Methods in Health Services, 3 cr. The model acknowledges that health is both a consumption good that yields direct satisfaction and utility, and an investment good, which yields satisfaction to consumers indirectly through increased productivity, fewer sick days, and higher wages. Comparing the value of a year of life (anywhere from $50,000 to $200,000) to the study’s finding that each year of increased life expectancy cost about $19,900 in health spending (after adjusting for inflation), the authors concluded that the increased spending, on average, has been worth it.13 No matter the value of advances in medical care, as the rapid growth in health care costs increasingly strains personal, corporate, and government budgets, policymakers and the public must consider the question of how much health care we can afford.

Pages: 106

Publisher: National Academies Press (April 1, 2013)


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