Willingness to pay for a QALY

@article{GyrdHansen2003WillingnessTP,
  title={Willingness to pay for a QALY},
  author={Dr Dorte Gyrd-Hansen},
  journal={PharmacoEconomics},
  year={2003},
  volume={23},
  pages={423-432}
}
What is a QALY worth in monetary units? This paper presents the main arguments in the literature regarding the obstacles involved in establishing one unique willingness to pay (WTP) estimate for the value of a QALY. To directly translate QALYs into monetary units, and in this manner translate existing and forthcoming cost-effectiveness analyses (CEA) to cost-benefit analyses (CBA), it is necessary that one unique WTP per QALY can be established irrespective of context-specific characteristics… CONTINUE READING

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