Lecture 27- Public Health and Economics
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11 Terms
Economics
the study of how society manages its scarce resources
Net economic impact of vision care
New savings over 10 years would yield 87.7 billion annually in direct and indirect costs (40-fold return for treatment of uncorrected RE)
Prevent Blindness estimate of total economic burden of eye disorders (NORC)
139 billion per year
Economic Explorer
launched in 2021; estimates the economic burden of vision loss nationally and by state; used federally funded surveys; estimates are likely lower than actual
Data sources for Economic Explorer
ACS, State and National Health Expenditure Accounts, Medical Expenditure Panel Survey, NHIS, Centers for Medicare and Medicaid Services Minimum Data Set
Total burden of vision loss includes 4 cost categories
Medical, Nursing Homes, Supportive services, and Productivity loss
Cost burden by agge
going up as people age in all categories (medical care and nursing home cost)
Inpatient services
all services provided by hospitals to patients
Ambulatory (outpatient) services
physician and clinical services provided in establishments operated by an MD or OD outpatient care centers and laboratory services billed independently of a hospital
Most expensive of the medical costs
other medical costs (gls and cls)
Costs the fall into medical costs
inpatient, outpatient, prescription, and other medical services