Paper Info
Title
How much is a health insurer willing to pay for colorectal cancer screening tests?
Abstract
Colorectal Cancer (CRC) screening tests have proven to be cost-effective in preventing cancer incidence. Yet, as recent studies have shown, CRC screening tests are noticeably underutilized. Among the factors influencing CRC screening test utilization, the role of health insurers has gained considerable attention in recent studies. In this paper, we propose an analytical model for the market of CRC screening tests and show how the insurer can benefit from a computer simulation model to cope with the problem of incomplete and asymmetric information inherent in this market. Our estimates reveal that promoting CRC screening tests is not necessarily economically attractive to the insurer, unless the insurer's valuation of life is greater than a certain limit. We use the proposed model to estimate such a threshold - the insurer's willingness-to-pay to acquire one additional life year by covering the CRC screening tests.
Year
DOI
Venue
2008
10.1109/WSC.2008.4736246
Winter Simulation Conference
Keywords
Field
DocType
additional life year,computer simulation model,analytical model,crc screening test utilization,health insurer,crc screening test,colorectal cancer,recent study,colorectal cancer screening test,asymmetric information,computer simulation,mean squared error,simulation model,cancer,simulation,health care,cost effectiveness
Health care,Information asymmetry,Actuarial science,Computer science,Colorectal cancer,Valuation (finance),Cancer
Conference
ISBN
Citations 
PageRank 
978-1-4244-2708-6
0
0.34
References 
Authors
3
2
Name
Order
Citations
PageRank
Reza Yaesoubi181.58
Stephen D. Roberts214640.86