Silver Book Fact

A modest decrease of 1% in cancer mortality has been estimated to be worth $500 billion in social value.

Murphy, Kevin M. and Robert H. Topel. The Value of Health and Longevity. National Bureau of Economic Research Working Paper. May-2005; 11405. http://www.nber.org/papers/W11405

Reference

Title
The Value of Health and Longevity
Publication
National Bureau of Economic Research Working Paper
Publication Date
May-2005
Authors
Murphy, Kevin M. and Robert H. Topel
URL
Read Full Resource

Categories

  • Innovative Medical Research
  • Economic Value

Related Facts

  • “Among women age 65 and over, the percentage who had a mammogram within the preceding 2 years almost tripled from 23% in 1987 to 64% in 2005.”  
  • The standard treatment for prostate cancer used to require radical prostatectomy. Now, less invasive therapies like brachytherapy have been shown to have equal outcomes with fewer side effects.  
  • Cervical cancer screening reduces incidence by over 80%.  
  • Improvement in 5-Year Survival Rates for All Cancers Since 1975
     
  • A drug for testicular cancer that cost an estimated $56 million to develop led to a sharp increase in survival rate and an annual return of $166 million in treatment…