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The willingness to pay for a quality adjusted life year: A review of the empirical literature
Karlstads universitet, Fakulteten för humaniora och samhällsvetenskap (from 2013), Handelshögskolan (from 2013).
Karlstads universitet, Fakulteten för humaniora och samhällsvetenskap (from 2013), Handelshögskolan (from 2013). Örebro University.ORCID-id: 0000-0003-1113-7478
2015 (Engelska)Ingår i: Health Economics, ISSN 1057-9230, E-ISSN 1099-1050, Vol. 24, nr 10, s. 1289-1301Artikel i tidskrift (Refereegranskat) Published
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Abstract [en]

There has been a rapid increase in the use of cost-effectiveness analysis, with quality adjusted life years (QALYs) as an outcome measure, in evaluating both medical technologies and public health interventions. Alongside, there is a growing literature on the monetary value of a QALY based on estimates of the willingness to pay (WTP). This paper conducts a review of the literature on the WTP for a QALY. In total, 24 studies containing 383 unique estimates of the WTP for a QALY are identified. Trimmed mean and median estimates amount to 74,159 and 24,226 Euros (2010 price level), respectively. In regression analyses, the results indicate that the WTP for a QALY is significantly higher if the QALY gain comes from life extension rather than quality of life improvements. The results also show that the WTP for a QALY is dependent on the size of the QALY gain valued.

Ort, förlag, år, upplaga, sidor
John Wiley & Sons, 2015. Vol. 24, nr 10, s. 1289-1301
Nyckelord [en]
Article; health economics; human; life extension; priority journal; quality adjusted life year; quality of life; regression analysis; willingness to pay
Nationell ämneskategori
Nationalekonomi
Forskningsämne
Nationalekonomi
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URN: urn:nbn:se:kau:diva-44858DOI: 10.1002/hec.3085ISI: 000360790800007Scopus ID: 2-s2.0-84941188594OAI: oai:DiVA.org:kau-44858DiVA, id: diva2:952789
Tillgänglig från: 2016-08-15 Skapad: 2016-08-15 Senast uppdaterad: 2018-06-01Bibliografiskt granskad

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Ryen, LindaSvensson, Mikael

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