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A Framework for Developing a Model Structure of Budget Impact Analysis for New Health Care Interventions in Jordan

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Listed:
  • Eman Mohammad Massad

    (Phd Candidate, University of Jordan, Jordan)

  • Amir Bakir

    (Phd Candidate, University of Jordan, Jordan)

Abstract

This paper assesses the impact of substituting clopidogrel with ticagelor to treat patients after an acute attack of Ischemic Heart Disease from the perspective of Jordanian MOH in its tenders, using Budget Impact Analysis (BIA). A multiple regression analysis used to estimate the elasticities associated of implementing the two treatments, and then Matlab used to compare the old and new treatments. The study recommends the gradually substitution of the new treatment using ticagelor because it achieves total cost savings of approximately 200,000 Jordanian dinars, and that the flexibility of the new treatment costs is less than in the case of the old treatment, which means that the increase in numbers of patients will lead to a lower increase in the total costs when using the new treatment.

Suggested Citation

  • Eman Mohammad Massad & Amir Bakir, 2021. "A Framework for Developing a Model Structure of Budget Impact Analysis for New Health Care Interventions in Jordan," International Journal of Economics and Financial Issues, Econjournals, vol. 11(1), pages 126-134.
    • Handle: RePEc:eco:journ1:2021-01-13
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    References listed on IDEAS

    as
    1. Josephine Mauskopf & Stephanie Earnshaw, 2016. "A Methodological Review of US Budget-Impact Models for New Drugs," PharmacoEconomics, Springer, vol. 34(11), pages 1111-1131, November.
    2. M. Nuijten & T. Mittendorf & U. Persson, 2011. "Practical issues in handling data input and uncertainty in a budget impact analysis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 12(3), pages 231-241, June.
    3. Livio Garattini & Katelijne Vooren, 2011. "Budget impact analysis in economic evaluation: a proposal for a clearer definition," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 12(6), pages 499-502, December.
    4. Naghmeh Foroutan & Jean-Eric Tarride & Feng Xie & Fergal Mills & Mitchell Levine, 2019. "A Comparison of Pharmaceutical Budget Impact Analysis (BIA) Recommendations Amongst the Canadian Patented Medicine Prices Review Board (PMPRB), Public and Private Payers," PharmacoEconomics - Open, Springer, vol. 3(4), pages 437-451, December.
    5. Alan Brennan & Stephen E. Chick & Ruth Davies, 2006. "A taxonomy of model structures for economic evaluation of health technologies," Health Economics, John Wiley & Sons, Ltd., vol. 15(12), pages 1295-1310, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Budget Impact Analysis; acute coronary syndrome; ticagrelor.;
    All these keywords.

    JEL classification:

    • I11 - Health, Education, and Welfare - - Health - - - Analysis of Health Care Markets
    • I15 - Health, Education, and Welfare - - Health - - - Health and Economic Development
    • I19 - Health, Education, and Welfare - - Health - - - Other

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