Evaluating discrete choice experiment willingness to pay [DCE-WTP] analysis and relative social willingness to pay [RS-WTP] analysis in a health technology assessment of a treatment for an ultra-rare childhood disease [CLN2]. (19th May 2022)
- Record Type:
- Journal Article
- Title:
- Evaluating discrete choice experiment willingness to pay [DCE-WTP] analysis and relative social willingness to pay [RS-WTP] analysis in a health technology assessment of a treatment for an ultra-rare childhood disease [CLN2]. (19th May 2022)
- Main Title:
- Evaluating discrete choice experiment willingness to pay [DCE-WTP] analysis and relative social willingness to pay [RS-WTP] analysis in a health technology assessment of a treatment for an ultra-rare childhood disease [CLN2]
- Authors:
- Moro, Domenico
Schlander, Michael
Telser, Harry
Sola-Morales, Oriol
Clark, Michael David
Olaye, Andrew
Camp, Charlotte
Jain, Mohit
Butt, Thomas
Bakshi, Sumeet - Abstract:
- ABSTRACT: Background: Conventional cost-effectiveness analysis [CEA] using cost per QALY thresholds may counteract other incentives introduced to foster development of treatments for rare and ultra-rare diseases. Therefore, alternative economic evaluation methods were explored, namely Discrete Choice Experiment Willingness to Pay (DCE-WTP) and Relative Social Willingness to Pay (RS-WTP), to value interventions for an ultra-rare childhood disease, Neuronal Ceroid Lipofuscinosis type 2 (CLN2). Research Design and Methods: Treatment for CLN2 was valued from a citizen's ('social') perspective using DCE-WTP and RS-WTP in a survey of 4, 009 United Kingdom [UK] adults. Three attributes (initial quality of life, treatment effect, and life expectancy) were used in both analyses. For DCE-WTP, a cost attribute (marginal income tax increase) was also included. Optimal econometric models were identified. Results: DCE-WTP indicated that UK adults are willing to pay incremental increases through taxation for improvements in CLN2 attributes. RS-WTP identified a willingness to allocate >40% of a pre-assigned healthcare budget to prevent child mortality and approximately 15% for improved health status. Conclusions: Both techniques illustrate substantive social WTP for CLN2 interventions, despite the small number of children benefitting. This highlights a gap between UK citizens' willingness to spend on rare disease interventions and current funding policies.
- Is Part Of:
- Expert review of pharmacoeconomics & outcomes research. Volume 22:Number 4(2022)
- Journal:
- Expert review of pharmacoeconomics & outcomes research
- Issue:
- Volume 22:Number 4(2022)
- Issue Display:
- Volume 22, Issue 4 (2022)
- Year:
- 2022
- Volume:
- 22
- Issue:
- 4
- Issue Sort Value:
- 2022-0022-0004-0000
- Page Start:
- 581
- Page End:
- 598
- Publication Date:
- 2022-05-19
- Subjects:
- CLN2 -- Rare Disease -- Relative Social Willingness to Pay -- RS-WTP -- Discrete Choice Experiment Willingness to Pay -- DCE-WTP -- Discrete Choice Experiment -- DCE -- Willingness to Pay -- Conjoint Analysis
Pharmacology -- Economic aspects -- Periodicals
338.47615105 - Journal URLs:
- http://www.future-drugs.com/loi/erp ↗
http://informahealthcare.com ↗ - DOI:
- 10.1080/14737167.2022.2014324 ↗
- Languages:
- English
- ISSNs:
- 1473-7167
- Deposit Type:
- Legaldeposit
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- Available online (eLD content is only available in our Reading Rooms) ↗
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- British Library DSC - 3842.002996
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