Silver Book Fact

Between 2008 and 2010, use of colonoscopy for the treatment and prevention of colon cancer saved an average of $150,364 each year, per person affected.

Health Savings: Medical technology and the economic burden of disease. http://assets1b.milkeninstitute.org/assets/Publication/ResearchReport/PDF/HealthySavings.pdf. Published 2014

Reference

Title
Health Savings: Medical technology and the economic burden of disease
Publisher
Milken Institute
Publication Date
Published 2014
Authors
Chatterjee, A, J King, S Kubendran, and R DeVol
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Economic Value

Related Facts

  • Increased use of medical technology, like colonoscopy and sigmoidoscopy for colon cancer screening, could save $178.2 billion between 2010 and 2035.  
  • From 1975 to 1996, new cancer drugs increased life expectancy of cancer patients by about one year, at an estimated cost of $3,000—well below the estimated value of a statistical…  
  • Following the current path, the prostate cancer incidence rate will increase by 75.4% (786,000) between 2003 and 2023. If an alternative path is taken, there will be 21.5% (393,000) fewer…  
  • A one percent reduction in lung, colorectal, breast, leukemia, pancreatic, and brain cancer mortality would reduce productivity costs by $814 million per year.  
  • Thousands of potential cancer medicines in development