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Retrospective Assessment of Cost Savings From Prevention
- Source :
- American Journal of Preventive Medicine. 50(5):S74-S80
- Publication Year :
- 2016
- Publisher :
- Elsevier BV, 2016.
-
Abstract
- Introduction Although fortification of food with folic acid has been calculated to be cost saving in the U.S., updated estimates are needed. This analysis calculates new estimates from the societal perspective of net cost savings per year associated with mandatory folic acid fortification of enriched cereal grain products in the U.S. that was implemented during 1997–1998. Methods Estimates of annual numbers of live-born spina bifida cases in 1995–1996 relative to 1999–2011 based on birth defects surveillance data were combined during 2015 with published estimates of the present value of lifetime direct costs updated in 2014 U.S. dollars for a live-born infant with spina bifida to estimate avoided direct costs and net cost savings. Results The fortification mandate is estimated to have reduced the annual number of U.S. live-born spina bifida cases by 767, with a lower-bound estimate of 614. The present value of mean direct lifetime cost per infant with spina bifida is estimated to be $791,900, or $577,000 excluding caregiving costs. Using a best estimate of numbers of avoided live-born spina bifida cases, fortification is estimated to reduce the present value of total direct costs for each year’s birth cohort by $603 million more than the cost of fortification. A lower-bound estimate of cost savings using conservative assumptions, including the upper-bound estimate of fortification cost, is $299 million. Conclusions The estimates of cost savings are larger than previously reported, even using conservative assumptions. The analysis can also inform assessments of folic acid fortification in other countries.
- Subjects :
- 0301 basic medicine
Pediatrics
medicine.medical_specialty
Present value
business.industry
Spina bifida
Epidemiology
Public Health, Environmental and Occupational Health
030105 genetics & heredity
medicine.disease
Cost savings
Cereal grain
Folic acid fortification
03 medical and health sciences
Indirect costs
0302 clinical medicine
Folic acid
Environmental health
Medicine
030212 general & internal medicine
business
Birth cohort
Subjects
Details
- ISSN :
- 07493797
- Volume :
- 50
- Issue :
- 5
- Database :
- OpenAIRE
- Journal :
- American Journal of Preventive Medicine
- Accession number :
- edsair.doi.dedup.....e01f91cb4374e30016c5b6a5b2195329
- Full Text :
- https://doi.org/10.1016/j.amepre.2015.10.012