Estimating Cost Savings from Early Cancer Diagnosis

Data 2(3) (2017) 30

22 Pages Posted: 28 May 2017 Last revised: 3 Apr 2019

See all articles by Zura Kakushadze

Zura Kakushadze

Quantigic Solutions LLC; Free University of Tbilisi

Rakesh Raghubanshi

Two29 Consulting LLC

Willie Yu

Duke-NUS Medical School - Centre for Computational Biology

Date Written: August 23, 2017

Abstract

We estimate treatment cost-savings from early cancer diagnosis. For breast, lung, prostate and colorectal cancers and melanoma, which account for more than 50% of new incidences projected in 2017, we combine published cancer treatment cost estimates by stage with incidence rates by stage at diagnosis. We extrapolate to other cancer sites by using estimated national expenditures and incidence rates. A rough estimate for the U.S. national annual treatment cost-savings from early cancer diagnosis is in 11 digits. Using this estimate and cost-neutrality, we also estimate a rough upper bound on the cost of a routine early cancer screening test.

Keywords: cancer, costs, incidence, stage, early diagnosis, treatment, data

JEL Classification: I11, G00

Suggested Citation

Kakushadze, Zura and Raghubanshi, Rakesh and Yu, Willie, Estimating Cost Savings from Early Cancer Diagnosis (August 23, 2017). Data 2(3) (2017) 30. Available at SSRN: https://ssrn.com/abstract=2975597 or http://dx.doi.org/10.2139/ssrn.2975597

Zura Kakushadze (Contact Author)

Quantigic Solutions LLC ( email )

1127 High Ridge Road #135
Stamford, CT 06905
United States
6462210440 (Phone)
6467923264 (Fax)

HOME PAGE: http://www.linkedin.com/in/zurakakushadze

Free University of Tbilisi ( email )

Business School and School of Physics
240, David Agmashenebeli Alley
Tbilisi, 0159
Georgia

Rakesh Raghubanshi

Two29 Consulting LLC ( email )

46 Sewell Avenue
Piscataway, NJ 08854
United States

Willie Yu

Duke-NUS Medical School - Centre for Computational Biology ( email )

8 College Road
Singapore, 169857
Singapore

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