Health and Financial Risk Protection Outcomes in Economic Evaluations
2022
Extended cost-effectiveness analysis was developed to evaluate health interventions in terms of level and distribution of health gains and financial risk protection. This information is typically presented in a joint display format.
This article develops and applies an algebraic money-metric formulation that incorporates all disaggregated outcomes and finds that ranking of health interventions is sensitive to the decision maker’s aversion to inequality across income groups and that financial risk protection gains are most important to consider when case fatality rate is <1% or as is typical for chronic diseases and risk factors.
These broad insights can assist decision makers when they use disaggregated information to make “all-things-considered” judgments on the optimal ranking of interventions.
Health and Financial Risk Protection Outcomes in Economic Evaluations
Source:
Verguet S, Norheim OF. Estimating and Comparing Health and Financial Risk Protection Outcomes in Economic Evaluations. Value in Health 2022; 25 (2): 238-246. https://doi.org/10.1016/j.jval.2021.08.004