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The Economics of New Health TechnologiesIncentives, organization, and financing$
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Joan Costa-Font, Christophe Courbage, and Alistair McGuire

Print publication date: 2009

Print ISBN-13: 9780199550685

Published to Oxford Scholarship Online: February 2010

DOI: 10.1093/acprof:oso/9780199550685.001.0001

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Home or nursing home? The effect of medical innovation on the demand for long-term care

Home or nursing home? The effect of medical innovation on the demand for long-term care

Chapter:
(p.241) Chapter 15 Home or nursing home? The effect of medical innovation on the demand for long-term care
Source:
The Economics of New Health Technologies
Author(s):

Frank R. Lichtenberg

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199550685.003.0015

This chapter tests the hypothesis that medical innovation has reduced the age-adjusted nursing home residence rate, and estimates the contribution of medical innovation to the decline in the rate of nursing home residence during the period 1985–1999. It investigates the effects of four types of medical innovation: drug innovation, and innovation in three types of procedures (therapeutic and preventive, diagnostic, and laboratory procedures).

Keywords:   medical innovation, nursing home residence, drug innovation, therapeutic and preventive innovation, diagnostic innovation, laboratory procedures

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