What question did this study set out to answer?

To estimate the monetary willingness to pay per quality-adjusted life year based on elicited preferences for health states.

February 27, 2003Health Economics

Willingness to pay for a QALY

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Authors

DGDorte Gyrd‐HansenUniversity of North Carolina at Chapel Hill

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Implication

Preference elicitation study reveals a willingness to pay of DKK 88,000 per quality-adjusted life year, suggesting mortality risk and quality-of-life improvements rely on distinct preference...

Key Points

To estimate the monetary willingness to pay per quality-adjusted life year based on elicited preferences for health states.
Elicited preferences for various health states to derive monetary values per quality-adjusted life year.
Compared health state preference valuations with values obtained from contingent valuation methods.
Willingness to pay per quality-adjusted life year was estimated at DKK 88,000.
The preference-based estimate differed substantially from contingent valuation estimates, indicating distinct preference structures for reducing mortality risk versus improving quality of life.
Eliminating minor health impairments provided negligible utility under willingness-to-pay valuation frameworks.

Cite This Study

Dorte Gyrd‐Hansen (2003) studied this question.

synapsesocial.com/papers/6a759a291eaff9cba9160d18 https://doi.org/10.1002/hec.799

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Implication

Preference elicitation study reveals a willingness to pay of DKK 88,000 per quality-adjusted life year, suggesting mortality risk and quality-of-life improvements rely on distinct preference...

Willingness to pay for a QALY

Discussion

Member takes

Implication

Key Points

Cite This Study

Willingness to pay for a QALY

Discussion

Member takes

Implication

Key Points

Cite This Study

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Also Consider