Location of Repository

The economics of blood: gift of life or a commodity?

By Panos Kanavos, J. Yfantopoulos, C. Politis and C. Vandoros

Abstract

Objectives: To calculate the costs of blood collection, testing, storage, and transfusion in Greece. Methods: Costing information was collected from two large public hospitals, in Athens and Crete, that also act as blood banks. Given that private health care accounts for 40 percent of total health spending, the same costs were also considered in a private setting by collecting key reagent cost data from a leading private hospital in Athens. Mainly direct costs were considered (advertising campaigns, personnel, storage and maintenance, reagent costs, transportation costs from blood bank to end-use hospitals, and cross-matching and transfusion costs in receiving hospitals) and some indirect costs (opportunity cost of blood donorship). Results: Captive donorship accounts for over 50 percent of the national blood supply. A unit of blood transfused would cost between €294.83 and €339.83 in public hospitals and could reach €413.93 in a private facility. This figure may be an underestimate, as it excludes opportunity costs of blood transfusion for patients and the healthcare system. Conclusions: Blood has a significant cost to the health system. Policy makers and practitioners should encourage its rational use, build on current policies to further improve collection and distribution, encourage further volunteer donorship in Greece, and also consider alternatives to blood where the possibility exists

Topics: HC Economic History and Conditions, HV Social pathology. Social and public welfare. Criminology, RA Public aspects of medicine
Publisher: Cambridge University Press
Year: 2006
DOI identifier: 10.1017/S0266462306051233
OAI identifier: oai:eprints.lse.ac.uk:19514
Provided by: LSE Research Online
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • http://journals.cambridge.org/... (external link)
  • http://eprints.lse.ac.uk/19514... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.