Incorporating financial protection into decision rules for publicly financed healthcare treatments.

@article{Smith2013IncorporatingFP,
  title={Incorporating financial protection into decision rules for publicly financed healthcare treatments.},
  author={Peter A. C. Smith},
  journal={Health economics},
  year={2013},
  volume={22 2},
  pages={180-93}
}
Almost all health systems seek to offer some form of publicly financed healthcare insurance, and governments must therefore choose the size of the benefit package and the types of treatments to cover. Conventionally, the usual approach of economists has been to recommend choices on the basis of cost effectiveness of treatments, using metrics such as the 'cost per quality adjusted life year'. However, this approach is based on the assumption of health maximization subject to a budget constraint… CONTINUE READING
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