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Lawrence Tech hosts lecture on health care economics Nov. 23

Release Date: November 17, 2010

SOUTHFIELD, Mich., Nov. 17, 2010 –  Economics Professor Miron Stano of Oakland University will discuss “Economics and Preventive Health Care: Is an Ounce of Prevention Really Worth a Dollar of Cure?” for the inaugural Harold Hotelling Memorial Lecture on Tuesday, Nov. 23, at 12:30 p.m. at Lawrence Technological University, 21000 West Ten Mile Road, Southfield.

The free lecture will be in S321 in the Science Building. Pizza will be served.

After describing trends in U.S. health care spending and health outcomes, Stano will provide an overview of cost-utility analysis, which provides the conceptual framework for allocating dollars to alternative treatments including preventive measures.

The current U.S. health care delivery system contains significant barriers to increased acceptance and adoption of preventive care. At the same time some preventive measures are not cost-effective. This presentation will focus 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.

Stano is a professor of economics and management at Oakland 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. He conducts research in managed care, cost evaluation, and the professional services markets. He has written extensively on the economics of health care.

The lecture series has been established by the Harold Hotelling Memorial Lecture Fund.

Hotelling, who died in 2009, was an associate professor of economics who taught courses in business law, business ethics, constitutional law, urban social issues, and law and economics during 20 years at Lawrence Tech. He is remembered for his keen intellect, tireless devotion, quick wit, and wonderful sense of humor.

Lawrence Technological University, ltu.edu, offers more than 100 undergraduate, master’s and doctoral degree programs in the Colleges of Architecture and Design, Arts and Sciences, Engineering and Management. Founded in 1932, the 4,500-student, private university pioneered evening classes and today has a growing number of weekend and online programs. Lawrence Tech’s 102-acre campus is in Southfield, and programs are also offered in Detroit, Lansing, Petoskey and Traverse City. Lawrence Tech also offers programs with partner universities in Canada, Mexico, Europe, the Middle East and Asia.