Hey Guys,
Josh finished his section: Specific Projects Considered. I'd like to congratulate him on his early completion. Here it is.
There are three specific projects being considered to combat the challenges of communicable disease. These projects include: Malaria control, HIV/AIDS control, and the strengthening of basic health services.
Malaria is a parasitic disease, which is spread by the Anopheles mosquito. It is transmitted in 103 countries and is estimated to cause 1 to 3 million deaths every year. This project includes the use of insecticide-treated mosquito nets for children, a two-stage treatment of pregnant women in their first pregnancy, and a switch to more effective drug combination for treatment of those affected. HIV/AIDS is a problem that drastically effect’s the developing world. Over 5% of all deaths worldwide are the cause of AIDS and it is estimated that in 2003 2.5 to 3.5 million died due to this disease. The specific project posed focuses primarily on the prevention of HIV/AIDS in high-risk areas. The strengthening of health services would follow the World Bank’s 1993 World Development Report. This report called for a minimum package which includes: comprehensive immunization, a range of public health programs, and clinical care for pregnancy and sick children.
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Since we're doing three different projects, would you like me to find three different discount rates? In the paper, Mills and Shillcutt use a 3% discount rate for all their analyses and a 6% discount rate for "sensitivity" analyses.
ReplyDeleteIt would be easy to use those rates for our project, but I believe that Dr. McDowell would want us to come up with our own discount rates. So, I could find three different discount rates and cite an article for each to justify them. What do you think?
Nevermind the last post; I found a section on discount rates in the world health organization's "The World Health Report." They state that the discount rate for costs is the opportunity cost of capital, while the discount rate for benefits is usually 3% to 5%. In addition, they recommend that the discount rate be the same for cost and benefits, and they use a discount rate of 3%.
ReplyDeleteI will state all this in my section to justify a 3% discount rate, and cite the WHO article as well as Google finance (they show the rate of return of 10 year U.S. treasury bonds is 2.87% - will use that as example of the opportunity cost of capital to justify 3% as a good discount rate for costs.)
I will email my section (about 1/2 page) by Saturday; I apologize for waiting until the last minute.