A major problem in health economics is how to give a value to
changes in health. This is the first book to examine all the money
measures that are used in such evaluations. Changes in health might
be caused by medical treatments, by public safety programmes and by
anti-pollution programmes, and the cost-benefit analysis of such
programmes involves the use of money measures. The author defines
the properties of these money measures, examining them in both a
certain and a risky world. He evaluates available empirical
approaches for the assessment of the value of health changes, and
considers measures such as quality-adjusted life years (qalys) and
healthy-years equivalents (hyes). This book raises the important
question of whether we are willing to pay the costs for our health
care system. It will be of interest to advanced students of health
economics and related disciplines, and will also be useful for
professionals working on projects that affect human health.
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