Willingness to Pay for a Quality-Adjusted Life Year: Implications for Societal Health Care Resource Allocation

@article{King2005WillingnessTP,
  title={Willingness to Pay for a Quality-Adjusted Life Year: Implications for Societal Health Care Resource Allocation},
  author={Joseph T. King and Joel Tsevat and Judith R. Lave and Mark S. Roberts},
  journal={Medical Decision Making},
  year={2005},
  volume={25},
  pages={667 - 677}
}
Background . Health-state preferences can be combined with willingness-to-pay (WTP) data to calculate WTP per quality-adjusted life year (QALY). The WTP/QALY ratios provide insight into societal valuations of expenditures for medical interventions. Methods . The authors measured preferences for current health in 3 patient populations (N = 391) using standard gamble, time trade-off, visual analog scale, and WTP, then they calculated WTP/QALY ratios. The ratios were compared with several proposed… 

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