the objectives of this study are to present an overview of economic evaluation and to expand upon a previous review to examine the current scope and quality of cam economic evaluations. as such, a thorough and external review of economic and health outcomes of cam is necessary for evidence-based consideration of cam therapies as a covered expense. we end the paper with a description of the attributes of cam that make economic evaluation challenging and how these issues may be addressed. the most basic form of economic evaluation is a table that lists the individual economic and health outcomes of alternative interventions. a study that describes the economic and health outcomes of a single therapy can also be called a cost-identification study. our systematic review of the cam economic evaluation literature (presented below) revealed no cost-consequence studies and no cost-benefit analyses. the national center for complementary and alternative medicine (nccam) defines cam as “a group of diverse medical and health care systems, practices, and products that are not presently considered to be part of conventional medicine .” as the purpose of economic evaluations is to inform clinical practice and health policy decisions, the best evaluations are timely and use the best data available at the time .
if the health outcomes for one therapy are better than that of its alternative and the economic outcomes are better or equal (lower or equal costs), that therapy is said to dominate (be clearly better than) its alternative. all studies stated the time horizon for costs and benefits and most (35 or 90%) reported a time horizon of one year or less. a possible explanation for the paucity of studies is that there may be less of an incentive to perform economic evaluations of cam. for example, in our review we interpreted item 1 as whether the study stated either a specific research question or study objectives in terms of economic and health outcomes. as these types of guidelines are not yet available for all cam therapies, we did not assess whether cam therapies were applied appropriately in the studies reviewed. in many ways the economic evaluation of cam therapies is similar to that of conventional medicine. despite the challenges described for economic evaluations of cam therapies, these studies ought to be done. whereas the number and quality of these studies has increased in recent years and more cam therapies have been shown to be good value, there are still not enough studies to measure the cost effectiveness of the majority of cam. ph also read and evaluated the quality of all papers included in the review.
given the popularity of activities like yoga and products like essential oils, it makes sense that 55% of consumers say they use at least one form of alternative medicine or natural remedy. valuepenguin doesn’t have the data to corroborate either of those claims, but researchers did find gen zers are more likely to use alternative medicine than their elders. health insurance may not help lower the cost of alternative medicine — 31% of respondents have had trouble getting their insurers to cover alternative treatments. but given the majority of consumers — 66% — would like to see alternative treatment options covered by health insurance, it’s conceivable more adults would try these options if they were covered.
considering ice is technically a natural remedy, it’s not surprising 28% of consumers combine the natural with the medical to treat muscle aches. in the u.s., the cost of health care and who should pay for it have long been debated. editorial note: the content of this article is based on the author’s opinions and recommendations alone. the site does not review or include all companies or all available products.
theoretically, cam therapies seem effective and a good candidate for cost savings because they avoid high technology, offer inexpensive remedies, most current alternative medicine users — 62% — estimate they spend less than $100 a year on treatments. mind/body interventions such as meditation, tai chi, some exercise programs, acupuncture, chiropractics and massage therapy can be helpful to, cost of alternative medicine, cost of alternative medicine, scientifically proven alternative medicine, alternative medicine studies, why alternative medicine is better.
overall, the investigators found that complementary medicine was between 53 and 63 percent less expensive than conventional medicine for achieving equivalent levels of effectiveness. complementary medicine was especially cost-effective for osteoarthritis, hypertension, facial paralysis, and peptic ulcers. furthermore patients have reported using cam because conventional medicine is too expensive, a concern that coincides with the trend that cam americans spend $30.2 billion a year on alternative and complementary medicines and procedures, including $1.9 billion on children 4 to 17 alternative medicines includes various healing systems, such as homeopathy, herbal remedies, naturopathy, chiropractic, acupuncture, etc.,, complementary and alternative medicine, do alternative medicines work, disadvantages of alternative medicine, conventional medicine, traditional medicine vs alternative medicine, alternative medicine examples, the economic evaluation of complementary and alternative medicine, what are the 5 major types of complementary and alternative medicine, conventional medicine benefits, where did complementary therapies originate.
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