cost-benefit analysis

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cost-benefit analysis (CBA)

a type of economic evaluation of medical care expense. It compares the expected monetary benefit derived from different health interventions with the expected cost of providing each of the interventions to determine the best or most profitable option.

cost-benefit analysis

Cost-benefit evaluation Clinical trials A form of economic analysis from a social perspective, in which the costs of medical care are compared with the economic benefits of the care provided, with both the costs and benefits being expressed in monetary units; the benefits evaluated include projected ↓ in future health care costs and ↑ earning as a result of the intervention of interest. Cf Cost-effectiveness analysis.

cost-benefit analysis,

n the comparative study of the service or production costs of a service or item and its value to the subject.

cost-benefit analysis

References in periodicals archive ?
The court's lamentable decision does not strike down the new regulations, but requires the EPA to conduct a new cost-benefit analysis and then review and rewrite the regulations - an arduous and lengthy process that is unlikely to produce a different outcome.
A number of significant groups now engage in methodological discussions of how cost-benefit analysis should be conducted, and participate effectively in the types of administrative proceedings that they would have eschewed decades earlier.
Overall, 10 states -Florida, Kansas, Minnesota, Missouri, New York, North Carolina, Utah, Virginia, Washington, and Wisconsin-were leading the way in using cost-benefit analysis to generate answers about programs' return on investment and to drive policy decisions, particularly in their largest budget areas.
Through this initiative, WSIPP began using cost-benefit analysis in an effort to determine which programs made economic sense for Washington and also lowered recidivism rates.
Retaking Rationality expressly "challenges the liberal camp to rethink" its reflexive hostility to cost-benefit analysis.
To understand why this is so, consider the very idea of a cost-benefit analysis.
Although fervent in their critique of cost-benefit analysis as currently practiced, Adler and Posner see considerable hope for its future use, if only the overall goal of the analysis could be reconsidered.
The first, Executive Order 12,291, (9) which was issued by President Reagan in 1981, required OIRA to oversee compliance with the Executive Order's new requirement that agency regulations costing $100 million or more be subject to a cost-benefit analysis.
Under former administrator John Graham, the OIRA emphasized the importance of cost-benefit analysis when reviewing proposed federal agency regulations that had to funnel through his office.
The cost-benefit analysis is due to be published in the Spring.
Another $50,000 is earmarked for a cost-benefit analysis, development of a business case and an investment strategy.
In the past twenty years, it has become increasingly common for administrative agencies to use cost-benefit analysis to evaluate proposed regulatory programs.

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