Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Cost-utility analysis from a societal perspective.

M Johannesson1, R M O'Conor

  • 1Centre for Health Economics, Stockholm School of Economics, Sweden. HEMJ@HHS.SE

Health Policy (Amsterdam, Netherlands)
|February 6, 1997
PubMed
Summary
This summary is machine-generated.

Related Concept Videos

You might also read

Related Articles

Articles linked to this work by shared authors, journal, and citation graph.

Sort by
Same author

An epigenome-wide association study meta-analysis of educational attainment.

Molecular psychiatry·2017
Same author

Registered Replication Report: Rand, Greene, and Nowak (2012).

Perspectives on psychological science : a journal of the Association for Psychological Science·2017
Same author

Cloning, purification and characterization of non-human primate 12/15-lipoxygenases.

Prostaglandins, leukotrienes, and essential fatty acids·2010
Same author

Consensus on the use and interpretation of cystic fibrosis mutation analysis in clinical practice.

Journal of cystic fibrosis : official journal of the European Cystic Fibrosis Society·2008
Same author

Guidelines for the management of pregnancy in women with cystic fibrosis.

Journal of cystic fibrosis : official journal of the European Cystic Fibrosis Society·2007
Same author

Genetics of autoimmune diseases: a multistep process.

Current topics in microbiology and immunology·2006
Same journal

Basic human values, responsiveness, and dignity in geriatric organizations in Israel: A qualitative study of state regulations.

Health policy (Amsterdam, Netherlands)·2026
Same journal

A policy analysis of the three-month waiting period for new and returning residents to access provincial health insurance in Ontario, Canada.

Health policy (Amsterdam, Netherlands)·2026
Same journal

Policy priorities in palliative and end-of-life care: An exploration of issues reflected in public strategy.

Health policy (Amsterdam, Netherlands)·2026
Same journal

Advancing stakeholder analysis: Power and participation in health technology assessment policy development in the United Arab Emirates.

Health policy (Amsterdam, Netherlands)·2026
Same journal

Cultural sensitivity concerning the Gaeltacht people of Ireland - a concept analysis.

Health policy (Amsterdam, Netherlands)·2026
Same journal

Israel's 2010 capitation reform and the widening of regional health disparities: A difference-in-differences analysis.

Health policy (Amsterdam, Netherlands)·2026
See all related articles

This study proposes using a fixed price per quality-adjusted life year (QALY) gained for healthcare economic evaluations. This approach, from a societal perspective, aims to maximize overall utility by considering all costs.

Area of Science:

  • Health Economics
  • Decision Analysis
  • Public Health Policy

Background:

  • Economic evaluation of healthcare is crucial for resource allocation.
  • Societal perspective in cost-utility analysis (CUA) aims for comprehensive assessment.
  • Current decision rules may not fully capture societal utility.

Purpose of the Study:

  • To outline the use of CUA from a societal perspective for healthcare economic evaluation.
  • To propose a decision rule based on a price per quality-adjusted life year (QALY) gained.
  • To argue for the societal utility maximization through optimal pricing per QALY.

Main Methods:

  • Cost-utility analysis (CUA) framework.
  • Societal perspective incorporating all costs.

Related Experiment Videos

  • Decision rule based on willingness to pay per QALY gained.

    • Main Results:

    • A fixed price per QALY gained, rather than a budget, is recommended as the decision rule for CUA.
    • This approach is consistent with societal utility maximization under specific conditions.
    • Optimal pricing per QALY gained can lead to maximized societal utility.

    Conclusions:

    • Willingness to pay per QALY gained should be a research priority to refine CUA decision rules.
    • Implementing a constant, universal price per QALY maximizes societal utility.
    • CUA from a societal perspective with a fixed price per QALY offers an optimal decision-making framework.