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Benefits and Costs of Certificate of Need (millions of 2008 dollars)
| DISTRIBUTION | |||||
|---|---|---|---|---|---|
| EXPECTED | Lower bound (5%) |
25% | 75% | Upper bound (95%) |
|
| Benefits | $ 3647 | $ 1658 | $ 2791 | $ 4471 | $ 5821 |
| Costs | 3949 | 932 | 1965 | 5185 | 9380 |
| Net Costs | 302 | (3556) | (1754) | 1768 | 5987 |
| Benefit: Cost Ratio | 0.92 | 0.30 | 0.65 | 1.86 | 4.08 |
| Cost-Benefit Ratio | 1.08 | 0.24 | 0.54 | 1.57 | 3.34 |
Probability benefits exceed costs: 54%
