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Yet, the experiment also calls for a spreading of levels, especially in the price attribute (assuming willingness-to-pay values are to be calculated).
The probability that telecare was cost-effective did not reach 50% even assuming willingness-to-pay of £90,000 per QALY.
For a long time health workers, given their assumed willingness or altruism in helping patients, were categorized in terms of "can't do", with interventions to improve health care focusing on training to improve knowledge and skills, together with somewhat sporadic environmental improvements in terms of equipment.
For example, if the actual health benefits produced by the intervention are multiplied by the assumed willingness to pay for these benefits, and the net costs are subtracted, we produce a linear scale where a negative is unambiguously bad (the costs outweigh the value placed on the health benefits) and larger benefits are unambiguously better.
The curves range between a probability of cost-effectiveness of 30%and55%5% (assumed willingness-to-pay threshold: EUR0 to EUR50,000).
Start with this fact: Assuming investors' willingness to pay for a dollar-a-year stream of income doesn't change, the total return on an income vehicle equals its yield plus the growth rate in the dividend.
Here, assuming the willingness of the central bank to supply large-denomination notes in unlimited quantities, space is not the constraint.
Net monetary benefit (NMB) was calculated assuming a willingness to pay £20,000/QALY.
Specifically, none of the changes in the individual model parameter resulted in a negative NMB (assuming a willingness to pay of €30,0000 per QALY gained).
Assuming a willingness to pay threshold of £25 000 per QALY, the expected value of changing a patient from low to high adherence is £33 897 (95% CI: £28 322–£28 652).
CBT is more likely to be cost effective compared with treatment as usual for older people presenting with depression in primary care, assuming a willingness to pay threshold of more than £115 per point reduction in BDI-II score.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com