Business, 10.06.2021 16:40 dom546

Lichtenberg (2001) estimated the benefits and costs of newer drugs. Their results are summarized as follow: a. Based on the above findings, identify the benefits of using newer drugs.
b. Given the above information, do you have enough information to conduct a CBA for using newer drugs? Justify your answer.
Expenditure Type Mean Effect of Switching from 15 Year-Old Drugs to 5.5-Year-Old Drugs on Expenditures for Entire Population (in US$) Mean 18 -80 -12 Prescription drugs Hospital Home health care Office visits Outpatient Emergency room -24 -10 -3

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Lichtenberg (2001) estimated the benefits and costs of newer drugs. Their results are summarized as...