Ochalek, Jessica orcid.org/0000-0003-0744-1178, Claxton, Karl orcid.org/0000-0003-2002-4694, Lomas, James orcid.org/0000-0002-2478-7018 et al. (1 more author) (2020) Valuing health outcomes:developing better defaults based on health opportunity costs. Expert Review of Pharmacoeconomics & Outcomes Research. pp. 1-8. ISSN 1744-8379
Abstract
BACKGROUND: Current health economic analysis guidelines emphasize the importance of using nationally appropriate cost and valuation inputs. However, some countries lack national data, and some analyses focus on interventions with costs and benefits at regional or global scales. METHODS: Recognizing the need for better estimates of appropriate values for application at these levels than those used in the past, we characterize population-weighted dollar per disability-adjusted life year (DALY) averted by World Bank Income Level based on available national estimates of the marginal productivity of the healthcare system. RESULTS: The defaults suggested here reflect health opportunity costs across countries more consistent with existing evidence than those previously used or recommended. As countries change income levels and healthcare spending, and as additional or updated marginal productivity of healthcare expenditure estimates become available, we expect the defaults to change. CONCLUSION: The best option for informing decisions around resource allocation in health care such that they improve health outcomes overall remains the use of time-appropriate country-specific estimates of the marginal productivity of the healthcare system. Instead of single, time-invariant defaults, health economists should seek to develop valuation inputs that better account for health opportunity costs and do so over time.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020 The Author(s). |
Dates: |
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Institution: | The University of York |
Academic Units: | The University of York > Faculty of Social Sciences (York) > Centre for Health Economics (York) The University of York > Faculty of Social Sciences (York) > Economics and Related Studies (York) The University of York > Faculty of Sciences (York) > Psychology (York) > York Neuroimaging Centre |
Depositing User: | Pure (York) |
Date Deposited: | 17 Aug 2020 14:00 |
Last Modified: | 08 Feb 2025 00:39 |
Published Version: | https://doi.org/10.1080/14737167.2020.1812387 |
Status: | Published online |
Refereed: | Yes |
Identification Number: | 10.1080/14737167.2020.1812387 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:164526 |
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Filename: Valuing_health_outcomes_developing_better_defaults_based_on_health_opportunity_costs.pdf
Description: Valuing health outcomes developing better defaults based on health opportunity costs
Licence: CC-BY 2.5