Literature DB >> 17409361

Limitations of acceptability curves for presenting uncertainty in cost-effectiveness analysis.

Bas Groot Koerkamp1, M G Myriam Hunink, Theo Stijnen, James K Hammitt, Karen M Kuntz, Milton C Weinstein.   

Abstract

Clinical journals increasingly illustrate uncertainty about the cost and effect of health care interventions using cost-effectiveness acceptability curves (CEACs). CEACs present the probability that each competing alternative is optimal for a range of values of the cost-effectiveness threshold. The objective of this article is to demonstrate the limitations of CEACs for presenting uncertainty in cost-effectiveness analyses. These limitations arise because the CEAC is unable to distinguish dramatically different joint distributions of incremental cost and effect. A CEAC is not sensitive to any change of the incremental joint distribution in the upper left and lower right quadrants of the cost-effectiveness plane; neither is it sensitive to radial shift of the incremental joint distribution in the upper right and lower left quadrants. As a result, CEACs are ambiguous to risk-averse policy makers, inhibit integration with risk attitude, hamper synthesis with other evidence or opinions, and are unhelpful to assess the need for more research. Moreover, CEACs may mislead policy makers and can incorrectly suggest medical importance. Both for guiding immediate decisions and for prioritizing future research, these considerable drawbacks of CEACs should make us rethink their use in communicating uncertainty. As opposed to CEACs, confidence and credible intervals do not conflate magnitude and precision of the net benefit of health care interventions. Therefore, they allow (in)formal synthesis of study results with risk attitude and other evidence or opinions. Presenting the value of information in addition to these intervals allows policy makers to evaluate the need for more empirical research.

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Year:  2007        PMID: 17409361     DOI: 10.1177/0272989X06297394

Source DB:  PubMed          Journal:  Med Decis Making        ISSN: 0272-989X            Impact factor:   2.583


  22 in total

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Review 2.  Cost-effectiveness analyses of vaccination programmes : a focused review of modelling approaches.

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Journal:  Pharmacoeconomics       Date:  2008       Impact factor: 4.981

3.  A cost-effectiveness analysis of currently approved treatments for HBeAg-positive chronic hepatitis B.

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4.  Twenty years of cost-effectiveness analysis in medical imaging: are we improving?

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Journal:  Radiology       Date:  2008-12       Impact factor: 11.105

5.  Output correlations in probabilistic models with multiple alternatives.

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Journal:  Eur J Health Econ       Date:  2014-01-04

6.  "Time Traveling Is Just Too Dangerous" but Some Methods Are Worth Revisiting: The Advantages of Expected Loss Curves Over Cost-Effectiveness Acceptability Curves and Frontier.

Authors:  Fernando Alarid-Escudero; Eva A Enns; Karen M Kuntz; Tzeyu L Michaud; Hawre Jalal
Journal:  Value Health       Date:  2019-05       Impact factor: 5.725

7.  Presenting evidence and summary measures to best inform societal decisions when comparing multiple strategies.

Authors:  Simon Eckermann; Andrew R Willan
Journal:  Pharmacoeconomics       Date:  2011-07       Impact factor: 4.981

8.  Cost-effectiveness acceptability curves revisited.

Authors:  Maiwenn J Al
Journal:  Pharmacoeconomics       Date:  2013-02       Impact factor: 4.981

Review 9.  A systematic and critical review of the evolving methods and applications of value of information in academia and practice.

Authors:  Lotte Steuten; Gijs van de Wetering; Karin Groothuis-Oudshoorn; Valesca Retèl
Journal:  Pharmacoeconomics       Date:  2013-01       Impact factor: 4.981

10.  Impact of small study bias on cost-effectiveness acceptability curves and value of information analyses.

Authors:  Dirk Müller; Eleanor Pullenayegum; Afschin Gandjour
Journal:  Eur J Health Econ       Date:  2014-05-20
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