R&D-driven medical progress, health care costs, and the future of human longevity

Health insurance, endogenous medical progress, health expenditure growth, and welfare

“…First, by following Ford et al (2006), Cutler (2008), Buxbaum et al (2020) and Fonseca et al (2021) and assuming that about 50 percent of the increase in longevity is related to medical treatments we are taking a conservative stance on the scope for medical progress to improve welfare. This is because we are neglecting the impact of medical progress in lowering morbidity and, thus, enhancing the quality of life, an effect that is considered in Böhm et al (2021). Our robustness analysis in Appendix F (see Figure 5) suggests that while the benefits from medical progress are understated, the consideration of morbidity reductions does not have a great bearing on our main findings regarding the role of health insurance expansion.…”

“…Indeed, the health insurance expansion in the US turns out to be a Pareto improvement for all cohorts under consideration. This suggests that tax-financed health care can take on a role similar to unfunded social security that compensates older generations for the cost of educating and, thus, raising the human capital of younger cohorts (Boldrin and Montes, 2005;Andersen and Bhattacharya, 2017).…”

“…Neither of the studies focuses on the impact of health insurance. 6 Closer in spirit, Böhm et al (2021) consider the role of R&D-driven medical progress which improves health and longevity within an OLG economy through raising the effectiveness of publicly provided health care in lowering the accumulation of health deficits as a source of both morbidity and mortality. Studying the trade-off between containing health care spending and granting access to medical progress, the authors also find that the gains from medical progress outweigh the savings on expenditure.…”

In Silico Study of Chemical Compounds From Areca Nut (Areca Catechu L.) on Gabaa Receptor as Anti-Insomnia Candidates

“…It is known empirically in the Dayak Tulung tribe, East Kalimantan, Indonesia, that areca nut decoction water can produce a sedative effect, warming, and comfort [14,15]. Also, water and methanol extract of areca nut (300 and 250 mg/kg BW) were shown to produce better anxiolytic effects than diazepam as positive controls in in mice.…”

Healthy, nudged, and wise: Experimental evidence on the role of information salience in reducing tobacco intake

“…

The rise in healthcare spending worldwide has raised concerns regarding its sustainability (Böhm et al, 2021; World Bank, 2018). While the rising needs of an aging population and costly technological improvements are some unavoidable driving factors, the burden of preventable lifestyle diseases forms a significant portion of these costs (

…”