Francisco Goerlich, Juan Perez Ballaster, Antonia Huttl, Mary O'Mahony, Erika Schulz, Lucy Stokes
(INDICSER Discussion Paper ; 26)
This paper provides health capital estimates for four European countries: Germany, Hungary, Spain and the United Kingdom. We show the sensitivity of the estimates to the use of different assumptions. We compare the resulting measures with information on healthcare expenditure to provide a broad indication of value for money of the different health systems. These indicators are necessarily crude, but could be improved with enhanced data on healthcare expenditure by age. While the development of such data would be valuable for this purpose, given demographic changes, it is clearly also of much wider importance.