Estimating costs in the economic evaluation of medical technologies.

@article{Luce1990EstimatingCI,
  title={Estimating costs in the economic evaluation of medical technologies.},
  author={Bryan R. Luce and Anne H Joanna Elixhauser},
  journal={International journal of technology assessment in health care},
  year={1990},
  volume={6 1},
  pages={57-75}
}
The complexities and nuances of evaluating the costs associated with providing medical technologies are often underestimated by analysts engaged in economic evaluations. This article describes the theoretical underpinnings of cost estimation, emphasizing the importance of accounting for opportunity costs and marginal costs. The various types of costs that should be considered in an analysis are described; a listing of specific cost elements may provide a helpful guide to analysis. The process… CONTINUE READING

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