Title |
Exploring a new method for deriving the monetary value of a QALY
|
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Published in |
HEPAC Health Economics in Prevention and Care, August 2015
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DOI | 10.1007/s10198-015-0722-9 |
Pubmed ID | |
Authors |
Carl Tilling, Marieke Krol, Arthur E. Attema, Aki Tsuchiya, John Brazier, Job van Exel, Werner Brouwer |
Abstract |
Several studies have sought to determine the monetary value of health gains expressed as quality adjusted life years (QALYs) gained, predominantly using willingness to pay approaches. However, willingness to pay has a number of recognized problems, most notably its insensitivity to scope. This paper presents an alternative approach to estimate the monetary value of a QALY, which is based on the time trade-off method. Moreover, it presents the results of an online study conducted in the Netherlands exploring the feasibility of this novel approach. The results seem promising, but also highlight a number of methodological problems with this approach, most notably nontrading and the elicitation of negative values. Additional research is necessary to try to overcome these problems and to determine the potential of this new approach. |
X Demographics
Geographical breakdown
Country | Count | As % |
---|---|---|
Spain | 5 | 25% |
United Kingdom | 3 | 15% |
Netherlands | 2 | 10% |
Canada | 2 | 10% |
Unknown | 8 | 40% |
Demographic breakdown
Type | Count | As % |
---|---|---|
Members of the public | 16 | 80% |
Scientists | 2 | 10% |
Practitioners (doctors, other healthcare professionals) | 2 | 10% |
Mendeley readers
Geographical breakdown
Country | Count | As % |
---|---|---|
Unknown | 39 | 100% |
Demographic breakdown
Readers by professional status | Count | As % |
---|---|---|
Researcher | 9 | 23% |
Student > Master | 6 | 15% |
Student > Ph. D. Student | 5 | 13% |
Lecturer | 3 | 8% |
Student > Bachelor | 2 | 5% |
Other | 5 | 13% |
Unknown | 9 | 23% |
Readers by discipline | Count | As % |
---|---|---|
Medicine and Dentistry | 10 | 26% |
Economics, Econometrics and Finance | 8 | 21% |
Pharmacology, Toxicology and Pharmaceutical Science | 3 | 8% |
Nursing and Health Professions | 3 | 8% |
Environmental Science | 1 | 3% |
Other | 4 | 10% |
Unknown | 10 | 26% |