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Published on: August 9, 2024
Analysis of factors affecting willingness to pay for cardiovascular disease-related medical services
Hideo Yasunaga1, Hiroo Ide, Tomoaki Imamura
1Department of Planning, Information, and Management, University of Tokyo Hospital, Japan.
Insights
Willingness to pay (WTP) for hypertension and myocardial infarction (MI) treatments varied by demographic factors and disease severity. Findings suggest tailored copayment strategies are needed for different conditions and income levels.
Area of Science:
- Health Economics
- Medical Sociology
- Public Health Policy
Background:
- The contingent valuation method (CVM) is increasingly used to assess willingness to pay (WTP) for healthcare services.
- Understanding WTP is crucial for healthcare system planning and resource allocation.
Purpose of the Study:
- To measure WTP for outpatient hypertension treatment and inpatient myocardial infarction (MI) treatment in Japan.
- To identify factors influencing WTP for these conditions.
Main Methods:
- A CVM survey using internet questionnaires was administered to 547 citizens aged 40-49.
- Principal component analysis and categorical regression were used to analyze WTP determinants.
- Payment cards and out-of-pocket copayments under public medical insurance served as the payment vehicle.
Main Results:
- Mean WTP was $75.03/month for hypertension and $8,928.70 for MI.
- Hypertension WTP was higher in married males and asymptomatic individuals, independent of income.
- MI WTP was higher in high-income earners, married males, and symptomatic individuals; 'objective evaluation' was a significant factor.
Conclusions:
- WTP for serious conditions like MI shows income-related disparities, highlighting the need for enhanced safety nets for low-income groups.
- For chronic conditions like hypertension, uniform, low copayments irrespective of income are recommended.
- Healthcare policy should consider WTP variations based on disease severity and individual characteristics.
Abstract:
Recently, application of the contingent valuation method (CVM) to health care is increasing to measure the willingness to pay (WTP) for specific medical services. In this study, we measured WTP for the outpatient treatment of hypertension and inpatient treatment of myocardial infarction (MI) in Japan's healthcare system, using CVM via an Internet questionnaire survey in 547 citizens aged 40 to 49 years. WTP was measured with the payment cards method from an ex post consumer based perspective. The payment vehicle was out-of-pocket copayment under public medical insurance. The participants were asked their preferences with respect to medical institutions, and 3 comprehensive characteristics were extracted from the requested information by principal component analysis. Categorical regression was performed to analyze the factors affecting WTP. The mean WTP for hypertension treatment was 75.03 dollars/month, and that for the treatment of MI was 8,928.70 dollars (1 dollar = 105 Japanese yen). WTP for hypertension treatment was significantly high in married males and the group without symptoms, but was not associated with income. WTP for the treatment of MI was significantly high in the high-income group, married males, and the group with symptoms. Among the 3 principle components, "objective evaluation" was significantly associated with WTP for the treatment of MI. As for serious diseases such as MI, the income-associated differences in WTP suggest the necessity for reinforcement of the safety net for the low-income group. Although asymptomatic, hypertension requires continuous treatment. For such diseases, uniformly low copayment should be established irrespective of annual income.
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