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Health Econ. 2015 Oct;24(10):1289-1301. doi: 10.1002/hec.3085. Epub 2014 Jul 28.

The Willingness to Pay for a Quality Adjusted Life Year: A Review of the Empirical Literature.

Author information

1
Department of Economics, Karlstad University, Karlstad, Sweden.
2
Department of Economics, Örebro University, Örebro, Sweden.

Abstract

There has been a rapid increase in the use of cost-effectiveness analysis, with quality adjusted life years (QALYs) as an outcome measure, in evaluating both medical technologies and public health interventions. Alongside, there is a growing literature on the monetary value of a QALY based on estimates of the willingness to pay (WTP). This paper conducts a review of the literature on the WTP for a QALY. In total, 24 studies containing 383 unique estimates of the WTP for a QALY are identified. Trimmed mean and median estimates amount to 74,159 and 24,226 Euros (2010 price level), respectively. In regression analyses, the results indicate that the WTP for a QALY is significantly higher if the QALY gain comes from life extension rather than quality of life improvements. The results also show that the WTP for a QALY is dependent on the size of the QALY gain valued.

KEYWORDS:

QALY; literature review; willingness to pay

PMID:
25070495
DOI:
10.1002/hec.3085

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