Chapter

Home or nursing home? The effect of medical innovation on the demand for long-term care

Frank R. Lichtenberg

in The Economics of New Health Technologies

Published in print May 2009 | ISBN: 9780199550685
Published online February 2010 | e-ISBN: 9780191720543 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199550685.003.0015
 Home or nursing home? The effect of medical innovation on the demand for long-term care

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This chapter tests the hypothesis that medical innovation has reduced the age-adjusted nursing home residence rate, and estimates the contribution of medical innovation to the decline in the rate of nursing home residence during the period 1985–1999. It investigates the effects of four types of medical innovation: drug innovation, and innovation in three types of procedures (therapeutic and preventive, diagnostic, and laboratory procedures).

Keywords: medical innovation; nursing home residence; drug innovation; therapeutic and preventive innovation; diagnostic innovation; laboratory procedures

Chapter.  6927 words.  Illustrated.

Subjects: Public Health and Epidemiology

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