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A normative perspective on discounting health outcomes

Oliver, Adam (2013) A normative perspective on discounting health outcomes. Journal of Health Services Research and Policy, 18 (3). pp. 186-189. ISSN 1355-8196

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Abstract

The debate on the appropriate discounting of future outcomes has a long history, with normative deliberation identifying several different considerations. It is suggested here that only two considerations are appropriate in the discounting of health outcomes. First, discounting ought to account for the possibility of future catastrophic events. Second, it is arguably legitimate for democratically elected governments to weight disproportionately their current constituency over future constituencies. It is adjudged that accounting for both of these factors should lead to a maximum annual discount rate of 0.5%, substantially lower than the rates currently recommended by public authorities.

Item Type: Article
Official URL: http://hsr.sagepub.com/
Additional Information: © 2013 Royal Society of Medicine Press
Library of Congress subject classification: H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Sets: Departments > Social Policy
Research centres and groups > LSE Health
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 23 Jul 2013 15:58
URL: http://eprints.lse.ac.uk/51162/

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