Some Ethical Corrections to Valuing Health Programs in Terms of Quality-Adjusted Life Years (QALYs)
Erik Nord
Abstract
Open-access reader
Erik Nord
Abstract
Open-access reader
Introduction Health benefits resulting from preventive or curative interventions may be valued in terms of gained personal utility (improved quality of life) for the individuals concerned. These personal utility gains may be aggregated over time by weighting each affected year of life by the size of the utility gain in that year and adding the weighted years together. The result is an estimate of the value of health benefits in terms of quality-adjusted life years (QALYs).
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Introduction Health benefits resulting from preventive or curative interventions may be valued in terms of gained personal utility (improved quality of life) for the individuals concerned. These personal utility gains may be aggregated over time by weighting each affected year of life by the size of the utility gain in that year and adding the weighted years together. The result is an estimate of the value of health benefits in terms of quality-adjusted life years (QALYs).
Key concepts: Quality-adjusted life year, Weighting, Quality of life (healthcare), Actuarial science, Psychological intervention, Value of life, Value (mathematics), Medicine