Discounting future health
In Ole F. Norheim, Ezekiel J. Emanuel, and Joseph Millum (eds.) Global health priority-setting: beyond cost-effectiveness, Oxford, 2019, pp. 223–238
Abstract
The discounting of future health benefits is highly controversial. There are arguments for and against it. The author of this chapter examines existing philosophical and economic arguments to determine whether future health should be discounted at all and, if it should, whether the discount rate on health should be numerically the same as the discount rate for monetary goods. The author contends that discounting future health benefits is appropriate, and that the discount rate for health benefits should not necessarily be the same as the one for monetary benefits. – AI-generated abstract.
