Estimating the Effects of Pharmaceutical Innovations on Patient's Employment Outcomes

Topics:
Healthcare Services,
Pharmeceuticals
Tags:
Benefits,
Human Resources,
Ingersoll-Rand,
Innovation,
Patient,
Pharmaceutical Company
Source:
RAND

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Overview: As new medical technologies continue to drive the growing cost of health care in the United States, public and private decision makers have called for more rigorous evaluations of the costs and benefits of pharmaceuticals and other medical technologies. The common practice of ignoring employment benefits of treatment in the evaluations leads to the concern that such analyses undervalue interventions that improve productivity of the working population. This paper examines the empirical challenges in estimating the employment effects of treatment with observational data and uses two empirical studies to illustrate possible approaches to reliable estimation.

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Format: PDF | Size: 447KB | Date: Apr 2004 | Pages: 126

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