Costs and Cost-Effectiveness of New Technologies in Cancer
The delivery of healthcare has changed significantly, from the perspective of both physicians and patients, in recent years. Previously, the physician was the advocate of the patient, and the insurer was only a distant, third-party observer who picked up the bill at the end. There were many advantages to this system of care: the patient received high quality care and could be relatively sure that his physician was doing everything possible for him, physicians were free to operate in a relatively independent manner which was professionally satisfying, and America was home to some of the most cutting-edge technologies in the world.
KeywordsIndirect Cost Cost Analysis Time Preference Direct Medical Cost Relevant Cost
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