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Why Should Economic Evaluations of Medical Innovations Have a Societal Perspective?

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  • Magnus Johannesson;Bengt Jonsson;Linus Jonsson;Gisela Kobelt;Niklas Zethraeus

Abstract

In this Briefing, five leading European experts in health economics provide a comprehensive international review of changes in health economic evaluation and the reasons for them. The authors express concern that the basis for health care decision making today has evolved away from the societal perspective of cost benefit analysis to the payer perspective of cost-effectiveness analysis. Most voluntary and mandatory guidelines for evaluating medical innovation now encourage or require this narrower, budget-based payer perspective. As a result, they argue, decisions often are suboptimal, for both health care and economies as a whole.

Suggested Citation

  • Magnus Johannesson;Bengt Jonsson;Linus Jonsson;Gisela Kobelt;Niklas Zethraeus, 2009. "Why Should Economic Evaluations of Medical Innovations Have a Societal Perspective?," Briefing 000228, Office of Health Economics.
    • Handle: RePEc:ohe:briefg:000228
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    File URL: https://www.ohe.org/publications/why-should-economic-evaluations-medical-innovations-have-societal-perspective/attachment-325-briefing_societal-perspective_oct09/
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    References listed on IDEAS

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    Cited by:

    1. Bengt Jönsson, 2009. "Ten arguments for a societal perspective in the economic evaluation of medical innovations," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 10(4), pages 357-359, October.
    2. Krol, Marieke & Brouwer, Werner, 2015. "Unpaid work in health economic evaluations," Social Science & Medicine, Elsevier, vol. 144(C), pages 127-137.
    3. Zhang, Wei & Bansback, Nick & Anis, Aslam H., 2011. "Measuring and valuing productivity loss due to poor health: A critical review," Social Science & Medicine, Elsevier, vol. 72(2), pages 185-192, January.
    4. Hansen, Kristian S. & Moreno-Ternero, Juan D. & Østerdal, Lars P., 2023. "Productivity and quality-adjusted life years: QALYs, PALYs and beyond," Working Papers 11-2023, Copenhagen Business School, Department of Economics.
    5. Wei Zhang & Huiying Sun & Simon Woodcock & Aslam H. Anis, 2017. "Valuing productivity loss due to absenteeism: firm-level evidence from a Canadian linked employer-employee survey," Health Economics Review, Springer, vol. 7(1), pages 1-14, December.
    6. Jesse Kigozi & Sue Jowett & Martyn Lewis & Pelham Barton & Joanna Coast, 2016. "Estimating productivity costs using the friction cost approach in practice: a systematic review," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 17(1), pages 31-44, January.
    7. Clara Mukuria & Donna Rowen & Mónica Hernández-Alava & Simon Dixon & Roberta Ara, 2017. "Predicting Productivity Losses from Health-Related Quality of Life Using Patient Data," Applied Health Economics and Health Policy, Springer, vol. 15(5), pages 597-614, October.
    8. Kobelt, G., 2013. "Health Economics: An Introduction to Economic Evaluation," Monographs, Office of Health Economics, number 000004.
    9. Wei Zhang & Aslam Anis, 2014. "Health-Related Productivity Loss: NICE to Recognize Soon, Good to Discuss Now," PharmacoEconomics, Springer, vol. 32(5), pages 425-427, May.
    10. Office of Health Economics, 2010. "Innovation in Medicines: Can We Value Progress?," Seminar Briefing 000219, Office of Health Economics.
    11. Akira Yuasa & Naohiro Yonemoto & Michael LoPresti & Shunya Ikeda, 2021. "Use of Productivity Loss/Gain in Cost-Effectiveness Analyses for Drugs: A Systematic Review," PharmacoEconomics, Springer, vol. 39(1), pages 81-97, January.

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    Keywords

    Why Should Economic Evaluations of Medical Innovations Have a Societal Perspective?;

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    • I1 - Health, Education, and Welfare - - Health

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