Valuing Health for Policy

Download or read book Valuing Health for Policy written by George Tolley and published by University of Chicago Press. This book was released on 1994-11 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: How stringent should environmental and occupational safety regulations be? How far should Medicaid support go? Should funding for research on Alzheimer's disease be increased? Should more money be spent on programs to discourage smoking? What are appropriate ways to determine damages in wrongful injury or death suits? Toward answering such questions, this volume examines various models of health valuation, including the cost-of-illness, preventive-expenditures, and quality-adjusted-life-year approaches. The authors favor a willingness-to-pay approach grounded in individual preferences.