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Including patient choice in cost-effectiveness decision rules

Dixon, S. (2007) Including patient choice in cost-effectiveness decision rules. Discussion Paper. (Unpublished)

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Abstract

There has been increasing discussion in the economic literature about the appropriateness of using general population values within technology appraisal. This paper proposes an alternative approach to incorporating patient values into the cost-effectiveness decision rule that lies at the heart of funding decisions. Whilst the current decision rule is constructed around a technical question, namely, "which treatment is the most cost-effective?", the key policy question is "which treatments should be offered to the patient?". A two-part decision rule is explored which gives the patient the choice of the most cost-effective treatment plus all cheaper options. Whilst the adoption of this patient-based cost-effectiveness rule may not alter many decisions compared to the current approach, it would represent a profound shift in the way that patient values and patient choice are incorporated into economic evaluation.

Item Type: Monograph (Discussion Paper)
Institution: The University of Sheffield
Academic Units: The University of Sheffield > Faculty of Medicine, Dentistry and Health (Sheffield) > School of Health and Related Research (Sheffield) > Health Economics and Decision Science > HEDS Discussion Paper Series
Depositing User: ScHARR / HEDS (Sheffield)
Date Deposited: 18 Jun 2010 11:22
Last Modified: 05 Jun 2014 05:41
Status: Unpublished
Identification Number: HEDS Discussion Paper 07/06
URI: http://eprints.whiterose.ac.uk/id/eprint/10913

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