ALL |
META-ANALYSIS |
CITATIONS |
|
Benefit-Cost Summary Statistics Per Participant | ||||||
---|---|---|---|---|---|---|
Benefits to: | ||||||
Taxpayers | $139 | Benefits minus costs | $377 | |||
Participants | $18 | Benefit to cost ratio | $2.45 | |||
Others | $22 | Chance the program will produce | ||||
Indirect | $460 | benefits greater than the costs | 56% | |||
Total benefits | $638 | |||||
Net program cost | ($261) | |||||
Benefits minus cost | $377 | |||||
Meta-Analysis of Program Effects | ||||||||||||
Outcomes measured | Treatment age | No. of effect sizes | Treatment N | Adjusted effect sizes(ES) and standard errors(SE) used in the benefit - cost analysis | Unadjusted effect size (random effects model) | |||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
First time ES is estimated | Second time ES is estimated | |||||||||||
ES | SE | Age | ES | SE | Age | ES | p-value | |||||
Falls‡ An event which results in a person coming to rest inadvertently on the ground or floor or other lower level. |
79 | 2 | 259 | 0.919 | 0.229 | 79 | 1.000 | 0.000 | 80 | 0.919 | 0.725 |
Detailed Monetary Benefit Estimates Per Participant | ||||||
Affected outcome: | Resulting benefits:1 | Benefits accrue to: | ||||
---|---|---|---|---|---|---|
Taxpayers | Participants | Others2 | Indirect3 | Total |
||
Falls | Health care associated with falls | $139 | $18 | $22 | $69 | $248 |
Mortality associated with falls | $0 | $0 | $0 | $520 | $520 | |
Program cost | Adjustment for deadweight cost of program | $0 | $0 | $0 | ($130) | ($130) |
Totals | $139 | $18 | $22 | $460 | $638 | |
Detailed Annual Cost Estimates Per Participant | ||||
Annual cost | Year dollars | Summary | ||
---|---|---|---|---|
Program costs | $221 | 2016 | Present value of net program costs (in 2022 dollars) | ($261) |
Comparison costs | $0 | 2016 | Cost range (+ or -) | 50% |
Benefits Minus Costs |
Benefits by Perspective |
Taxpayer Benefits by Source of Value |
Benefits Minus Costs Over Time (Cumulative Discounted Dollars) |
The graph above illustrates the estimated cumulative net benefits per-participant for the first fifty years beyond the initial investment in the program. We present these cash flows in discounted dollars. If the dollars are negative (bars below $0 line), the cumulative benefits do not outweigh the cost of the program up to that point in time. The program breaks even when the dollars reach $0. At this point, the total benefits to participants, taxpayers, and others, are equal to the cost of the program. If the dollars are above $0, the benefits of the program exceed the initial investment. |
Logghe, I.H., Zeeuwe, P.E., Verhagen, A.P., Wijnen-Sponselee, R.M., Willemsen, S.P., Bierma-Zeinstra, S.M., . . . Koes, B.W. (2009). Lack of effect of Tai Chi Chuan in preventing falls in elderly people living at home: a randomized clinical trial. Journal of the American Geriatrics Society, 57 (1), 70-5.
Wolf, S.L., Sattin, R.W., Kutner, M., O'Grady, M., Greenspan, A.I., & Gregor, R.J. (2003). Intense tai chi exercise training and fall occurrences in older, transitionally frail adults: a randomized, controlled trial. Journal of the American Geriatrics Society, 51(12), 1693-1701.