 New Medical Treatments, Quality Improvements and Public Health Measures in the National Accounts: The Effects of the Diabetes Prevention ProgrammeMartin Weale Discussion Papers from Economic Statistics Centre of Excellence Abstract: This paper discusses the problem of reflecting the impact of new and improved medical treatments including preventative public health measures in measures of health services gross output and in the prices of medical and public health services. Both the treatment in mainstream national accounts and in a satellite health account are considered. An algebraic framework is set out. In the mainstream national accounts the new service is initially priced at its reservation price defined with reference to gains in quality-adjusted life years (QALYs) and reductions in costs. Withdrawn services are similarly treated. In thesatellite account, the increase in QALYs plus cost savings less costs incurred are measured relative to the QALYs generated by medical services net of costs of production. The framework is applied to the UK’s Diabetes Prevention Programme. The impacts on both prices and volumes of this are shown to be small. Keywords: Public Health; Measures of Output; Diabetes Prevention; National Accounts; Quality Adjustment (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eoe:escoed:escoe-dp-2024-12 Access Statistics for this paper More papers in Discussion Papers from Economic Statistics Centre of Excellence Economic Statistics Centre of Excellence, Melbourne House, Aldwych, WC2B 4PJ. Contact information at EDIRC. |
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