Recently, I’ve witnessed an ever-increasing number of condition-specific utility measures being developed. Much work is being carried out by The University of Sheffield on measures such as the AQL-5D for asthma, and the EORTC-8D for cancer. I struggle to see their use.… Read More »Condition-specific utility measures?
I was recently directed towards a new report on the EQ-5D, by the NICE Decision Support Unit at the University of Sheffield. As health economists we can all see the benefits of a measure like the EQ-5D, but it’s also… Read More »The EQ-5D: Keep calm and carry on
The ‘well-being valuation method’ is a recently developed technique for valuing the effect, in monetary terms, of a health problem on an individual’s well-being. The method involves calculating the compensating variation necessary to maintain the same level of well-being after suffering from… Read More »The well-being valuation approach: Solution or convolution?
Back in 2005, NICE and the Department of Health here in the UK set about trying to figure out the level at which society valued a QALY, and also whether different QALYs should be assigned different values. The results of… Read More »Is a QALY a QALY or not? The SVQ project and the value of life