How Much Are Medical Innovations Worth? A Detailed Analysis Using Cost-Effectiveness Studies

Medical innovations are reshaping healthcare, but their impact on costs and quality isn’t always straightforward. A new analysis examines thousands of cost-effectiveness studies to track how medical breakthroughs spread and influence patient welfare. While some innovations significantly improve health outcomes, others come with steep price tags that outweigh their benefits. Understanding which treatments truly enhance consumer welfare is crucial for balancing progress with affordability in the healthcare sector.