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J Health Econ. 1993 Apr;12(1):39-53.

On what basis should health be discounted?

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1
Department of Economics, University of Tromsø, Norway.

Abstract

The discount rate to be applied in health care programmes should be based on the time preference rate for health, and this same rate should be applied to costs as well. Due to the limited tradeability of health, when eliciting its time preference rate, the intertemporal choices must be framed in such a way as to resemble as closely as possible those facing health planners and decision makers.

PMID:
10126489
[Indexed for MEDLINE]
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