Weale Preventative Medicine Data and Programmes
Principal Investigator(s): View help for Principal Investigator(s) Martin Weale, King's College, London
Version: View help for Version V1
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Project Citation:
Weale, Martin. Weale Preventative Medicine Data and Programmes. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2025-03-31. https://doi.org/10.3886/E224841V1
Project Description
Summary:
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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 Withdrawn services are similarly treated.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 the satellite 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.
Funding Sources:
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Economic Statistics Centre of Excellence
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