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Measuring and Valuing Health Benefits for Economic Evaluation (Paperback, 2nd Revised edition)
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Measuring and Valuing Health Benefits for Economic Evaluation (Paperback, 2nd Revised edition)
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There are not enough resources in health care systems around the
world to fund all technically feasible and potentially beneficial
health care interventions. Difficult choices have to be made, and
economic evaluation offers a systematic and transparent process for
informing such choices. A key component of economic evaluation is
how to value the benefits of health care in a way that permits
comparison between health care interventions, such as through costs
per quality-adjusted life years (QALY). Measuring and Valuing
Health Benefits for Economic Evaluation examines the measurement
and valuation of health benefits, reviews the explosion of
theoretical and empirical work in the field, and explores an area
of research that continues to be a major source of debate. It
addresses the key questions in the field including: the definition
of health, the techniques of valuation, who should provide the
values, techniques for modelling health state values, the
appropriateness of tools in children and vulnerable groups, cross
cultural issues, and the problem of choosing the right instrument.
This new edition contains updated empirical examples and practical
applications, which help to clarify the readers understanding of
real world contexts. It features a glossary containing the common
terms used by practitioners, and has been updated to cover new
measures of health and wellbeing, such as ICECAP, ASCOT and AQOL.
It takes into account new research into the social weighting of a
QALY, the rising use of ordinal valuation techniques, use of the
internet to collect data, and the use of health state utility
values in cost effectiveness models. This is an ideal resource for
anyone wishing to gain a specialised understanding of health
benefit measurement in economic evaluation, especially those
working in the fields of health economics, public sector economics,
pharmacoeconomics, health services research, public health, and
quality of life research.
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