March 27, 2007
20:00 Networking Reception
Please register by 20 March 2007.
Kindly supported by:
The Value of Health and Longevity
Speaker: Kevin M. Murphy
George J. Stigler Distinguished Service Professor of Economics, Chicago Booth
Every year, billions of dollars are spent on medical research, but what exactly are we getting in return? Are we, in fact, getting our money’s worth?
Chicago Booth Professor Kevin Murphy estimates that increases in longevity from 1970 to 2000 generated over $70 trillion in gains to the US population. And, what could future gains in health mean? He estimates that a 10% reduction in cancer death rates would be worth roughly $4.7 trillion while a 10% reduction in deaths from cardiovascular disease would be worth over $5.4 trillion.
Join us to hear Professor Murphy discuss the ‘Value of Health and Longevity” as part of Chicago Booth’s Global Leadership Series. During the event, he will address economic aspects of key policy issues related to improvements in health and longevity in the U.S. and around the world.
For anyone concerned about the cost and value of advances in health and research – from policy makers, health care professionals, executives in the industry, to consumers – will leave the session understanding the enormous benefits to be made.