Society wants fair, not utilitarian, approaches to value
ruth brice2019-12-20T07:38:19+00:00Paper of the Week: 20th December 2019 This week’s blog is brought to you by: Dr Tim Wilson Full reference and title from the journal: Funding orphan medicinal products beyond price: sustaining an ecosystem , Author- De Sola-Morales, Oriol, The European Journal of Health Economics (2019) 20:1283–1286 Web link to paper: https://doi.org/10.1007/s10198-019-01047-0 Authors conclusion: “it is not the individual price that matters, but whether the overall budget impact is perceived as acceptable and that manufacturers have an accept- able profit.” 3V bottom line: Ideally, a decision whether a treatment or intervention should be used in a health system is largely be driven by value and values. In the case of effective but expensive treatments for rare conditions, societal [...]