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Webinar: High Costs in End-of-Life Care: An Alternative Economic Perspective
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When: Friday, November 30, 2018
5:00 AM ET/ 10:00 AM GMT/ 9:00 PM AEDT
Where: Online/Webinar
Presenter: Peter May, Trinity College Dublin
Contact: iHEA

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It is long established that the last year of life is associated with much higher healthcare costs. Prior economic work has identified valuation of life under threat of imminent death, where utilisation has negligible opportunity cost, as an explanation. However, medical and health services research studies often find that end-of-life care is not delivered consistently with patient preferences and that death is not predictable. Palliative care, the interdisciplinary specialism that aims to improve quality of life for those with life-limiting illness, is associated with improving patient decision-making and lower costs of care. This presentation analyses ~110,000 hospitalisations of adults with life-limiting illness in the United States, to identify those for whom palliative care is more or less impactful on costs. Palliative care is found to be more cost-saving for those with higher illness burden and higher costs. An alternative economic perspective on high end-of-life care costs is proposed.

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The International Health Economics Association was formed to increase communication among health economists, foster a higher standard of debate in the application of economics to health and health care systems, and assist young researchers at the start of their careers.

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