healthcare costs

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Financing the efficient delivery of medical services while reducing costs for consumers as well as health care providers is among the most challenging domestic policy problems many countries face. RAND addresses health economics issues through innovative, high-profile research in an effort to improve the efficiency of health care organizations, reduce costs for providers and consumers, and improve financing in health care markets.

  • Blue and green pills and tablets, photo by ShutterWorx/iStock

    Report

    Biosimilar Medications Could Create Billions in Health Care Savings

    Nov 3, 2014

    Introducing competing “biosimilar” versions of complex biologic drugs used to treat illnesses such as cancer and rheumatoid arthritis could cut spending on biologics in the United States by $44 billion over the next decade.

  • Senior man and adult daughter enjoying time together over lunch, photo by Alina555/iStock

    Journal Article

    Cost of Informal Caregiving for U.S. Elderly Is $522 Billion Annually

    Oct 27, 2014

    The price tag for informal caregiving of elderly people by friends and relatives in the U.S. comes to $522 billion a year. Replacing that care with unskilled paid care at minimum wage would cost $221 billion, while replacing it with skilled nursing care would cost $642 billion.

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