New Health Innovation More Valuable Than Previously Thought

April 9, 2015

Medical innovation benefits people in countless ways, but it can sometimes be difficult to measure them. One way to understand how medical innovation improves lives is by seeing it as risk reduction: new treatments reduce the chance you'll contract an incurable disease, for example. A new paper examines the effect of innovations on this type of risk reduction and finds it is 30%-80% more valuable than previous estimates.