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
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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.  
  • Investments in research since the 1970s have generated $1.9 trillion of value to society overall.  
  • Cancer Survivors in the United States  
  • 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.  
  • The 5-year survival rate for all cancers diagnosed from 1996-2003 is 66%, up from 50% in 1975-1977. This improvement reflects progress in early diagnosis and improvements in treatment.