Valuing longer, healthier lives : assessing the productivity of health spending in South Korea
Valuing longer, healthier lives : assessing the productivity of health spending in South Korea
dc.contributor.affiliation | POSCO Fellow, East-West Center | |
dc.contributor.affiliation | Stanford University, Asia Health Policy Program | |
dc.coverage.spatial | South Korea | |
dc.creator | Eggleston, Karen | |
dc.date.accessioned | 2023-06-23T02:32:10Z | |
dc.date.available | 2023-06-23T02:32:10Z | |
dc.date.issued | 2023-03 | |
dc.description | For more about the East-West Center, see <a href="http://www.eastwestcenter.org/">http://www.eastwestcenter.org/</a> | |
dc.description.abstract | This research studies the link between medical spending and health outcomes in South Korea, providing evidence on the productivity of medical spending over recent decades.<br><br>The author advocates for the Korean government to develop a “satellite account for health” to complement national income and product accounts. Current measures do not account for changing quality nor give providers any incentive for cost-effective substitution between forms of treatment for a given condition. By leveraging existing strengths of Korea’s National Health Insurance and health outcome data, Korea can develop an accurate measure of medical productivity and a more accurate measure of overall economic productivity, while becoming a global pioneer of “health satellite accounts” for overall populations. Such a productivity metric built on condition-specific net value can help Korea increase the “bang for the buck” from medical spending, mitigate wasteful spending, and promote high-value innovations for longer, healthier lives. | |
dc.format | Report | |
dc.format.extent | 8 p. | |
dc.identifier.issn | 1522-0966 | |
dc.identifier.uri | https://hdl.handle.net/10125/105003 | |
dc.language | eng | |
dc.publisher | Honolulu, HI : East-West Center | |
dc.relation.ispartof | AsiaPacific issues ; no. 158 | |
dc.subject.lcsh | Medical policy - Korea (South) | |
dc.subject.lcsh | Medical economics - Korea (South) | |
dc.subject.lcsh | Medical care, Cost of - Korea (South) | |
dc.title | Valuing longer, healthier lives : assessing the productivity of health spending in South Korea | |
dcterms.type | Text |
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