CAROTID ENDARTERECTOMY (CEA) reduces the risk of stroke in symptomatic
patients with high-grade carotid stenosis. In this study, we evaluate
d the long-term, societal cost-benefit ratio of endarterectomy using a
decision analysis model. We reviewed the results of 150 CEAs performe
d at an academic center and established a Markov model comparing cohor
ts of patients who experienced transient ischemic attacks and then und
erwent observation, aspirin therapy, or CEA. The cost-effectiveness of
CEA was estimated using perioperative complication rates from our rev
iew and from the North American Symptomatic Carotid Endarterectomy Tri
al. Stroke and mortality rates were estimated from the literature. Cos
t estimates were based on medicare reimbursement data. Among the 150 C
EAs reviewed, complications included major stroke (0.67%), minor strok
e (1.33%), myocardial infarction (1.33%), pulmonary edema (0.67%), and
wound hematoma (3.33%). There were no deaths or intracerebral hemorrh
ages. Using complication rates from our review, CEA produced cost savi
ngs of $5730.62 over the cost of observation and $3264.66 over the cos
t of aspirin treatment. CEA extended the average quality-adjusted life
expectancy 15.8 months over that of observation and 13.2 months over
that of aspirin. Substituting the North American Symptomatic Carotid E
ndarterectomy Trial results, CEA yielded savings of $2997.50 over the
cost of observation and $531.54 over the cost of aspirin. Quality-adju
sted life expectancy was extended 13.8 months compared with observatio
n and 11.2 months compared with aspirin therapy. This analysis demonst
rates that when performed with low perioperative morbidity and mortali
ty rates, CEA is a highly cost-effective therapy for symptomatic carot
id stenosis and results in substantial societal cost and life savings.