A study on the cost-effectiveness of coronary revascularization: Introducing the simultaneous mimic health status model

Jae Sang Lee, Martin J. Bailey, Jinook Jeong, Patrick D. Mauldin, William S. Weintraub

Research output: Contribution to journalArticle

7 Citations (Scopus)

Abstract

An econometric model is presented to compare the cost-effectiveness of two alternative procedures, percutaneous transluminal coronary angioplasty (PTCA) and coronary artery bypass surgery (CABG), for the treatment of multivessel coronary artery disease. This study utilizes the MIMIC (multiple indicator multiple cause) health model in a simultaneous equation system to analyse Emery Angioplasty Surgery Trial (EAST) data. This method eliminates the possibility of endogeneity bias, which may have affected the results of previous cost-effectiveness analyses on this topic. The empirical results indicate that neither procedure proves more cost-effective at 3 year follow-up.

Original languageEnglish
Pages (from-to)613-623
Number of pages11
JournalHealth Economics
Volume6
Issue number6
Publication statusPublished - 1997 Nov 1

Fingerprint

Health Status
Cost-Benefit Analysis
Econometric Models
Coronary Balloon Angioplasty
Angioplasty
Coronary Artery Bypass
Coronary Artery Disease
Costs and Cost Analysis
Health
Therapeutics

All Science Journal Classification (ASJC) codes

  • Health Policy

Cite this

Lee, Jae Sang ; Bailey, Martin J. ; Jeong, Jinook ; Mauldin, Patrick D. ; Weintraub, William S. / A study on the cost-effectiveness of coronary revascularization : Introducing the simultaneous mimic health status model. In: Health Economics. 1997 ; Vol. 6, No. 6. pp. 613-623.
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A study on the cost-effectiveness of coronary revascularization : Introducing the simultaneous mimic health status model. / Lee, Jae Sang; Bailey, Martin J.; Jeong, Jinook; Mauldin, Patrick D.; Weintraub, William S.

In: Health Economics, Vol. 6, No. 6, 01.11.1997, p. 613-623.

Research output: Contribution to journalArticle

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