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In a number of jurisdictions there is increasing interest in incorporating concerns for fairness in models for economic evaluation of health interventions. Cost–value analysis is a name for evaluations with such a broader aim. The most widely held concern for fairness is a concern for the...
Persistent link: https://www.econbiz.de/10011240886
Cost-effectiveness analysis suggests that a society should allocate its health care budget in order to achieve the greatest total health for its budget. However, in ‘rescue’ cases, where an individual’s life is in immediate peril, reasoning in terms of cost-effectiveness can appear...
Persistent link: https://www.econbiz.de/10011241945
month and 1 year post-operation to calculate the utility, using qualityadjusted life years (QALY), and the effectiveness … post-operation was 1,220€. The QALY achieved at 1 year was 0.046. The results reveal an ICER at 1 year of 26,288 €/QALY …,191 €/QALY). To achieve greater temporal perspective, we examined the ICER at 5 years, which was 10,141 €/QALY, demonstrating …
Persistent link: https://www.econbiz.de/10011147871
People can choose and they make many choices each and every day. However, most people are unaware of how strong their environment influences the choices they make. In his inaugural address, Bas Donkers highlights the impact of what people see (and what they don’t see), what people experience...
Persistent link: https://www.econbiz.de/10011149194
WTP per QALY. We find that WTP is increasing with but not proportional to the change in QALYs. Our monetary estimates are …
Persistent link: https://www.econbiz.de/10011154527
health on a quality-adjusted life year (QALY) scale. The scenarios typically involve trade‐offs in time (time trade‐off (TTO …)), risk (standard gamble (SG)), or number of persons affected (person trade‐off (PTO)). This paper revisits the QALY …. The proposed approach avoids the use of ratio statistics in QALY estimation and the common convention of arbitrarily …
Persistent link: https://www.econbiz.de/10009003696
-condition simplifies the measurement and derivation of the Quality Adjusted Life Year (QALY) measure commonly used in medical decision …
Persistent link: https://www.econbiz.de/10009214368
Persistent link: https://www.econbiz.de/10009324974
The analyst tasked with measuring population health, with appraising healthcare investments, or allocating healthcare resources, may frame their task in one of two possible ways: either as being concerned with health assets (e.g. health expectancy or stock of QALYs), or with health deficits (a...
Persistent link: https://www.econbiz.de/10008741243
Estimates of WTP per QALY can be taken as an indication of the monetary value of health gains, which may carry … particular threshold, and thus the potential relevance of WTP per QALY estimates, it is important to address the validity of … these estimates. This study addresses this issue. Our findings offer little support to the validity of WTP per QALY …
Persistent link: https://www.econbiz.de/10010870764