Searchers vs surveyors in estimating the monetary value of a QALY: resolving a nasty dilemma for NICE.

@article{Baker2011SearchersVS,
  title={Searchers vs surveyors in estimating the monetary value of a QALY: resolving a nasty dilemma for NICE.},
  author={Rachel Baker and Sue Chilton and Cam Donaldson and Michael Jones-Lee and Emily Lancsar and Helen Mason and Hugh Metcalf and Mark Pennington and John Wildman},
  journal={Health economics, policy, and law},
  year={2011},
  volume={6 4},
  pages={435-47}
}
Recently, for many health economics researchers, empirical estimation of the monetary valuation of a quality-adjusted life year (QALY) has become an important endeavour. Different philosophical and practical approaches to this have emerged. On the one hand, there is a view that, with health-care budgets set centrally, decision-making bodies within the system can iterate, from observation of a series of previous decisions, towards the value of a QALY, thus searching for such a value… CONTINUE READING
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