The Value of Real Disease Cures and Inexpensive Tests

A blog makes a point that the healthcare funding battles are like generals fighting the last war. The new healthcare should focus on cures and cheap tests.

This site covered the detailed statistics that most of the healthcare costs are focused on the chronic diseases for the sickest 5% of people.

Curing cancer is worth $50 trillion to the USA alone according to a 2006study by Kevin M. Murphy and Robert H. Topel of the University of Chicago.

- A 10% reduction in cancer death rates has a value of roughly 5 trillion dollars to current and future Americans
- Reducing cancer death rates by 10% would generate roughly 180 billion dollars annually in value for the U.S. population
- These figures don’t even count any gains from reduced morbidity and improved quality of life
- Gains in longevity from 1970 to 2000 were worth roughly 95 trillion dollars to current and future Americans
- This amounts to a gain of over 3 trillion dollars per year (roughly 25% of annual GDP)
-Value of reducing the death rate by 1/10,000 worth roughly $630 to one person
- This corresponds to a value of a statistical life of $6.3 million


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