Public Interest Pricing of Blood Services

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Abstract
This paper presents the results of a study of blood service cost and price. It is shown that the extreme price variation which characterizes blood service is primarily a result of pricing policies, not differential efficiency. From an accounting viewpoint, almost any cost based pricing policy can be justified. The requirements of sound medical and economic practice do, however, suggest criteria for rational pricing. The application of these criteria serve to promote objectives of conserving the blood resource and equalizing access to blood services for all. Current pricing practice and new alternatives are evaluated in terms of these criteria.

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