Premium
Innovation, aging, and health care: Unraveling “silver” from “red” herrings?
Author(s) -
CostaFont Joan,
Levaggi Rosella
Publication year - 2020
Publication title -
health economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.55
H-Index - 109
eISSN - 1099-1050
pISSN - 1057-9230
DOI - 10.1002/hec.4187
Subject(s) - incentive , scrutiny , public economics , health care , perspective (graphical) , business , economics , medicine , gerontology , economic growth , political science , artificial intelligence , computer science , law , microeconomics
This perspective paper argues that a sustainable health system design encompasses identifying opportunities and incentives for innovation, alongside an analysis of its effect on expenditure. Although aging alone is not a powerful cost driver, the combined effect of costly innovation, personalized care, and the rise of chronic conditions is. We identify an increasing role of prevention, the reduction of the prevalence of chronic conditions, re‐organisation of incentives in health care markerts, including a closer scrutiny of the appropriateness of new treatments.