Costs and Discounting

Question 1

Affecting the LOS

Answer 1

Use a fixed price per day

Question 2

Affecting the intensity

Answer 2

Focus on which price should be set on patient level.
Compare time with or without interventions
Is required to capture the effect of the intervention in costs

Question 3

Time Preference

Answer 3

Used for discounting (rather sooner than later)
Uncertainty in economic/LY growth
- STPR: Social time preference for entire society

Question 4

Inflation

Answer 4

General upwards movement of nominal price of goods and services over time (GPI).
GDP does this by measuring price level relations to real output

Question 5

WHO on health threshold

Answer 5

Relates to GDP/capita, which generally grows. Meaning that the discount rate for costs should be higher than for health (Claxton)
But! Look out for reversed causality