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13:00 - 14:00 10 March 2016

Does it pay to medicate half of Britain? Assessing the Value of Primary Prevention of Cardiovascular Diseases in England


Ricardo Lecture Theatre | Drayton House (link Map)
30 Gordon Street | London | WC1H 0AN | United Kingdom

Open to: Academic | Student
Ticketing: Open

Speaker information

Paul Rodríguez Lesmes, UCL

This paper proposes a structural dynamic framework for studying the economic value of the adoption of medical innovations. In particular, I consider the case of a medication, namely statins, that reduces the odds of developing cardiovascular diseases. The long-run benefits of the adoption of this drug therapy are derived by calculating the willingness to pay for their availability in the health system. Given this framework, it is possible to calculate the benefits of a policy aimed at reducing disparities in primary care services in the UK. It consists of the introduction of preventive care related financial incentives to family doctors in 2009. The impact of the policy and the parameters of the structural model are estimated using data from the English Longitudinal Study of Ageing (ELSA) from 2002/03 to 2012/13.


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