Titlebook: Normative Health Economics; A New Pragmatic Appr Sardar M. N. Islam,Christine Suet Yee Mak Book 2006 Palgrave Macmillan, a division of Macm

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Summary and Conclusion,benefit analysis, the application of this new approach to the Pharmaceutical Benefit Scheme (PBS) in Australia, and the implications of the findings for economic evaluation and normative economics with a special emphasis on the implications for health economics.

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Cost and Benefit Estimates,In this chapter, we discuss the general principles and methods of estimating costs and benefits of six medications (namely Atorvastatin, Clopidogrel, Pioglitazone, Letrozole, Fluticasone/ Salmeterol and Tiotropium) while the detailed estimates of the costs and benefits and their analysis will be provided in the next chapter.

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New3 Cost Benefit Analysis,to be useful and meaningful, certain adjustments are needed- Omission of extra-welfaristic elements in social costs and social benefits, inappropriate measures of benefits, difficulties in measuring benefits and a lack of proper integration of cost benefit analysis methods of health programs with th

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Economic Evaluation: The Case of the Australian PBS,ing, pharmaceutical expenditure attracts the attention of government regulators, the public or private fund holders because absolute expenditure continues to grow; pharmaceuticals are perceived more as products than as services; and there is a growing concern that new biotechnology and biogenomic pr

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New3 Cost Benefit Analysis of PBS Medications,t Advisory Committee (PBAC) submission guidelines, the standard approach of financial cost benefit analysis and the new. cost benefit analysis under the normative social choice approach of new. welfare economics.

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