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Cost-Effectiveness in Health and Medicine$
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Peter J. Neumann, Theodore G. Ganiats, Louise B. Russell, Gillian D. Sanders, and Joanna E. Siegel

Print publication date: 2016

Print ISBN-13: 9780190492939

Published to Oxford Scholarship Online: November 2016

DOI: 10.1093/acprof:oso/9780190492939.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 08 December 2019

Using Cost-Effectiveness Analysis in Health and Medicine

Using Cost-Effectiveness Analysis in Health and Medicine

Experiences since the Original Panel

Chapter:
(p.1) 1 Using Cost-Effectiveness Analysis in Health and Medicine
Source:
Cost-Effectiveness in Health and Medicine
Author(s):

Peter J. Neumann

Louise B. Russell

Joanna E. Siegel

Lisa A. Prosser

Murray Krahn

Jeanne S. Mandelblatt

Norman Daniels

Marthe R. Gold

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780190492939.003.0001

This chapter discusses the potential of cost-effectiveness analysis (CEA) in health and medicine and the ways in which the technique has been applied. Since the original Panel’s work, CEA has become a more common feature on the healthcare landscape. Researchers have investigated the cost-effectiveness of a wide range of interventions in diverse applications. In the United States and abroad, public and private health organizations have funded, conducted, and used CEAs, though the technique has also encountered resistance. Decision makers involved in resource allocation decisions have given the greatest weight and deepest consideration to the clinical evidence underlying interventions. They have generally viewed CEA as one input, alongside other considerations, including ethical, legal, and political concerns.

Keywords:   Cost-effectiveness analysis, opportunity costs, decision makers, comparator, reference case, societal perspective, healthcare sector perspective, league table, cost-effectiveness thresholds

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