Practical Implications of Differential Discounting of Costs and Health Effects in Cost-Effectiveness Analysis
โ Scribed by James O'Mahony; Inge de Kok; Joost van Rosmalen; J. Dik F. Habbema; Werner Brouwer; Marjolein van Ballegooijen
- Book ID
- 119310831
- Publisher
- John Wiley and Sons
- Year
- 2011
- Tongue
- English
- Weight
- 82 KB
- Volume
- 14
- Category
- Article
- ISSN
- 1098-3015
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
## Abstract When health effects can be valued in monetary terms, as in costโbenefit analysis, they should be discounted at the same rate as costs. If health effects are measured in quantities (e.g. quality adjusted life years) as in costโeffectiveness analysis (CEA) and the value of health effects
## SUMMARY Nord (2011) criticizes standard arguments which assert that consistency requires that future health benefits must be discounted at the same rate as future costs in costโeffectiveness analysis (CEA). He suggests these arguments are misguided because they require transitivity of preference