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Willingness to Pay for a Quality-adjusted Life Year
Medical Decision Making, 2000Cost-benefit analysis (CBA) provides a clear decision rule: undertake an intervention if the monetary value of its benefits exceed its costs. However, due to a reluctance to characterize health benefits in monetary terms, users of cost-utility and cost-effectiveness analyses must rely on arbitrary standards (e.g., < $50,000 per QALY) to deem a ...
R A, Hirth +4 more
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quality-adjusted life-years (QALY)
2009syn. healthy-year equivalent (HYE); QALYs are calculated by multiplying the time spent in each health state by the value assigned to the particular health state; to calculate QALYs, numerical judgments of the desirability of various outcomes must be determined; these values are called “utilities” (with values between 0-death and 1-perfect health; very ...
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Utilitarianism and the Measurement and Aggregation of Quality – Adjusted Life Years
Health Care Analysis, 2001It is widely accepted that one of the main objectives of government expenditure on health care is to generate health. Since health is a function of both length of life and quality of life, the quality-adjusted life-year (QALY) has been developed in an attempt to combine the value of these attributes into a single index number.
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The Value of the Quality-Adjusted Life Years
Value in HealthRichard J, Willke +3 more
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