Parametric estimation of medical care costs under conditions of censoring

Raikou, Maria and McGuire, Alistair ORCID: 0000-0002-5367-9841 (2009) Parametric estimation of medical care costs under conditions of censoring. LSE Health working papers (13/2009). LSE Health, London School of Economics and Political Science, London, UK. ISBN 9780853280064

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Abstract

This paper is concerned with a set of parametric estimators that attempt to provide consistent estimates of average medical care costs under conditions of censoring. The main finding is that incorporation of the inverse of the probability of an individual not being censored in the estimating equations is instrumental in deriving unbiased cost estimates. The success of the approach is dependent on the amount of available information on the cost history process. The value of this information increases as the degree of censoring increases.

Item Type:	Monograph (Working Paper)
Official URL:	http://www2.lse.ac.uk/LSEHealthAndSocialCare/LSEHe...
Additional Information:	© 2009 The authors
Divisions:	Social Policy LSE Health
Subjects:	R Medicine > RA Public aspects of medicine
JEL classification:	C - Mathematical and Quantitative Methods > C0 - General > C00 - General
Date Deposited:	28 Jul 2010 11:30
Last Modified:	11 Dec 2024 18:57
URI:	http://eprints.lse.ac.uk/id/eprint/28857

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