What are some of the metrics economists use to measure health outcomes?

Health outcomes metrics are essential tools for economists to understand and evaluate the health status of a population. These indicators help policymakers make informed decisions about resources allocation, priorities, and interventions needed to improve public health.

Life Expectancy is a fundamental measure of a population's overall health. It represents the average number of years a person can expect to live, based on the current mortality rates in their country or region. This metric helps economists compare health outcomes across countries, regions, and different population groups.

Infant Mortality Rate (IMR) is the number of deaths of infants under one year of age per 1,000 live births in a given year. This indicator reflects the level of healthcare access for expecting mothers and newborns, and it can highlight disparities in health services between different population groups.

Disability-Adjusted Life Years (DALY) is a measure that combines years of life lost due to premature death and years of life lost due to living with disability or illness. This indicator provides a comprehensive understanding of the health burden experienced by a population, taking into account both fatal and non-fatal health outcomes.

Quality-Adjusted Life Years (QALY) measures the years of life lived in full health, taking into account the quality of life and the years lived with illness or disability. It is often used in the evaluation of healthcare interventions and to assist in resource allocation decisions by weighing the costs of medical treatments against their expected benefits.

The Healthcare Access and Quality (HAQ) Index measures the accessibility and quality of healthcare services within a country. It is based on a composite score of 32 different health outcomes and helps economists assess the performance of health systems against expected outcomes, given the level of development and spending on healthcare. In conclusion, some key health outcome metrics used by economists include Life Expectancy, Infant Mortality Rate, Disability-Adjusted Life Years, Quality-Adjusted Life Years, and Healthcare Access and Quality Index. These indicators provide valuable insights into the overall health status of a population and facilitate better decision-making for policymakers concerning resource allocation and health interventions.