Economics and Preventive Health Care:
Is an Ounce of Prevention Really Worth a Dollar of Cure?
Featuring Miron Stano, PhD, Professor of Economics and Management at Oakland University
Thursday, Nov. 23, 2010 12:30 - 1:45pm, Rm S321
After describing trends in U.S. health care spending and health outcomes, Miron Stano provides an overview of cost-utility analysis. To many health care analysts, cost-utility analysis provides the conceptual framework for allocating dollars to alternative treatments including preventive measures. Although our current health care delivery system contains significant barriers to increased acceptance and adoption of preventive care, some preventive measures are not cost-effective. This presentation focused on the various issues that relate to these barriers, the role of cost-utility analysis in preventive care, and recommendations for improving the efficiency of our health care system.
Miron Stano is a professor of economics and management at Oakland University’s School of Business Administration and former director of the school’s executive MBA program in health care management. He received his PhD in economics from Cornell University in 1971. Stano conducts research in managed care, cost evaluation, and the professional services markets. He has published articles in numerous journals, and his article, “Individual Health Accounts: An Alternative Health Care Financing Approach,” (Health Care Financing Review, 1981) introduced the concept of medical savings accounts. The sixth edition of his co-authored textbook, The Economics of Health and Health Care, was published in 2009. Stano served as associate editor of the American Journal of Managed Care from 1998 – 2002 and has served as a research consultant to various organizations including Blue Cross and Blue Shield of Michigan, Wayne State University’s School of Medicine, and the U.S. General Accounting Office.