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Centre for Policy on Ageing | |
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Economic progress and health improvement
— performance indicators should reflect both | | Author(s) | Martin Weale |
| Journal title | British Medical Journal, vol 339, no 7730, 14 November 2009 |
| Pages | pp 1097-1098 |
| Source | www.bmj.com |
| Keywords | Health [elderly] ; Health services ; Cost effectiveness ; Performance ; Indicators. |
| Annotation | The economic performance of countries is generally compared using the concept of gross domestic product (GDP). However, the link between GDP and welfare as indicators of well-being is not straightforward. This short discussion article arises from publication of a report on the measurement of economic and social progress in France by Professor Joe Stiglitz (winner of 2002 Nobel Prize and former chief economist at the World Bank). While the report is useful in summarising what is known about non-economic aspects of well-being, it does not offer any obvious way of producing a single indicator of welfare reflecting both differences in life expectancy and differences in output. This situation is compared with requirements made by the National Institute for Health and Clinical Excellence (NICE) in the UK in respect of interventions costing more than £30,000 to deliver a year of good quality of life. Stiglitz's report is seen as opening up discussion on suitable measures for an economic value of health. (RH). |
| Accession Number | CPA-091208201 A |
| Classmark | CC: L: WEC: 5H: 3RI * |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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