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Methodological issues and new developments in the economic evaluation of vaccines
Philippe Beutels1, Eddy Van Doorslaer, Pierre Van Damme
1National Center for Immunisation Research and Surveillance, University of Sydney and Center for Health Economics Research and Evaluation, Australia.
Expert Review of Vaccines
|January 9, 2004
Summary
Economic evaluation of vaccination programs faces challenges in modeling, predicting uptake, and valuing benefits. Future developments aim for more sophisticated and accurate economic models for vaccines.
Area of Science:
- Health economics
- Vaccinology
- Epidemiological modeling
Background:
- Economic evaluation in healthcare, particularly for vaccination programs, has grown significantly since the 1980s.
- Analyzing vaccine programs presents unique challenges for economic assessment.
Purpose of the Study:
- To highlight key challenges in the economic evaluation of vaccination programs.
- To identify areas for future development in vaccine economic modeling.
Main Methods:
- Review of challenges in economic evaluation of vaccine programs.
- Discussion of epidemiological modeling, uptake rate prediction, quality-adjusted survival gains, and intangible costs/benefits.
- Analysis of marginal intervention costs and discount rate selection.
Main Results:
- Key challenges include developing accurate epidemiological models, predicting vaccine uptake, incorporating quality-adjusted life years, and valuing intangible benefits.
- Estimating marginal costs for multivalent vaccines and selecting appropriate discount rates for long-term cost-benefit analysis are particularly difficult.
- Current methods require sophisticated approaches to accurately capture the full economic impact of vaccination.
Conclusions:
- Economic evaluation of vaccines requires addressing complex methodological issues.
- Advancements in the next five years are expected to yield more sophisticated and accurate models for assessing vaccination programs.
- Improved economic models will enhance decision-making for healthcare resource allocation in immunization initiatives.
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