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The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies

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Future costs in economic evaluation. A comment on Lee.

Talitha L Feenstra¹, Pieter H M van Baal, Afshin Gandjour

¹Department for Prevention and Health Services Research, National Institute for Public Health and the Environment (RIVM), Bilthoven, The Netherlands.

Journal of Health Economics

|October 1, 2008

Summary

This commentary critiques Lee's argument to exclude indirect medical costs in economic evaluations, citing an unrealistic budget constraint. The analysis reveals Lee's model actually supports including these costs in practice.

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Area of Science:

Health Economics
Pharmacoeconomics
Cost-Benefit Analysis

Background:

A recent article by Lee proposed excluding indirect medical costs from economic evaluations.
This argument was based on a specific, albeit uncommon and unrealistic, budget constraint.
This commentary addresses the methodological flaws in Lee's economic model.

Discussion:

The core issue lies in the unrealistic budget constraint used by Lee.
This constraint does not reflect typical scenarios in economic evaluations.
The commentary identifies several methodological problems within Lee's analysis.

Key Insights:

Lee's model, despite its premise, implicitly necessitates the inclusion of indirect medical costs.
Current practices in economic evaluation align with including these costs.
The critique highlights a discrepancy between Lee's conclusion and the implications of his own model.

Outlook:

Revisiting the assumptions in economic evaluation models is crucial.
Further discussion is needed on the practical application of indirect medical costs.
Standardizing the methodology for incorporating indirect costs will enhance economic evaluations.