New Cost-Effectiveness Methods to Determine Value-Based Prices for Potential Cures: What Are the Options? [Editor's Choice]

Jun 1, 2019, 00:00
10.1016/j.jval.2019.01.012
https://www.valueinhealthjournal.com/article/S1098-3015(19)30075-0/fulltext
Title : New Cost-Effectiveness Methods to Determine Value-Based Prices for Potential Cures: What Are the Options? [Editor's Choice]
Citation : https://www.valueinhealthjournal.com/action/showCitFormats?pii=S1098-3015(19)30075-0&doi=10.1016/j.jval.2019.01.012
First page : 656
Section Title : THEMED SECTION: CURATIVE THERAPIES
Open access? : No
Section Order : 656

Evaluating different approaches to assessing the clinical effectiveness and value of potential cures will be essential to arm the policymaker, payer, and manufacturer communities with a platform that can reward innovation while supporting a sustainable health insurance system. Potential cures will accentuate concerns about substantial uncertainty in long-term outcomes. They will also focus attention on whether broader elements of value need to be incorporated and whether specific social values have a special place in evaluations of potential cures. In addition, the large magnitudes of potential health gain and cost offsets may require new methods before translation into value-based price recommendations. This article analyzes the challenges and presents several options to modify the conduct and presentation of cost-effectiveness analyses to ensure they provide policy-relevant assessments of the value of potential cures.

Categories :
  • Cost-comparison, Effectiveness, Utility, Benefit Analysis
  • Genetic, Regenerative & Curative Therapies
  • Personalized & Precision Medicine
  • Pricing Policy & Schemes
  • Reimbursement & Access Policy
Tags :
  • health policy, methods
  • pharmacology/pharmacotherapy
  • unit costing
  • utility assessment
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