•Health benefits and costs related to an intervention occur at different points in time
•Society has a preference for interventions where benefits occur sooner
•Adjusts future health benefits and costs to present value
•What is the present value of ₹ 5,000 received 10 years from now?
Ans. 3,720.47
Standard Discount Rates
Standard Discount Rates
•US Panel on Cost Effectiveness in Medicine
•3% costs and benefits
•5% and 0% in sensitivity analyses
•United Kingdom
•NICE (National Institute of Health and Care Excellence) guidance: 3.5% for cost and benefits
PSM / COMMUNITY MEDICINE by Dr Abhishek Jaiswal is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Based on a work at learnpsm@blogspot.com.
Permissions beyond the scope of this license may be available at jaiswal.fph@gmail.com.
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