Literature DB >> 20091763

Dangerous omissions: the consequences of ignoring decision uncertainty.

Susan C Griffin1, Karl P Claxton, Stephen J Palmer, Mark J Sculpher.   

Abstract

Institutions with the responsibility for making adoption (reimbursement) decisions in health care often lack the remit to demand or commission further research: adoption decisions are their only policy instrument. The decision to adopt a technology also influences the prospects of acquiring further evidence because the incentives to conduct research are reduced and the ethical basis of further clinical trials maybe undermined. In these circumstances the decision maker must consider whether the benefits of immediate access to a technology exceeds the value of the evidence which maybe forgone for future patients. We outline how these expected opportunity losses can be established from the perspective of a societal decision maker with and without the remit to commission research, and demonstrate how these considerations change the appropriate decision rules in cost-effectiveness analysis. Importantly, we identify those circumstances in which the approval of a technology that is expected to be cost-effective should be withheld, i.e. when an 'only in research' recommendation should be made. We demonstrate that a sufficient condition for immediate adoption of a technology can provide incentives for manufacturers to reduce the price or provide additional supporting evidence. However, decisions based solely on expected net benefit provide no such incentives, may undermine the evidence base for future clinical practice and reduce expected net health benefits for the patient population.

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Mesh:

Year:  2011        PMID: 20091763     DOI: 10.1002/hec.1586

Source DB:  PubMed          Journal:  Health Econ        ISSN: 1057-9230            Impact factor:   3.046


  20 in total

1.  Should the Lambda (λ) Remain Silent?

Authors:  Hossein Haji Ali Afzali; Jonathan Karnon; Mark Sculpher
Journal:  Pharmacoeconomics       Date:  2016-04       Impact factor: 4.981

2.  Value based pricing for NHS drugs: an opportunity not to be missed?

Authors:  Karl Claxton; Andrew Briggs; Martin J Buxton; Anthony J Culyer; Christopher McCabe; Simon Walker; Mark J Sculpher
Journal:  BMJ       Date:  2008-02-02

3.  Value of information and pricing new healthcare interventions.

Authors:  Andrew R Willan; Simon Eckermann
Journal:  Pharmacoeconomics       Date:  2012-06-01       Impact factor: 4.981

Review 4.  An Educational Review About Using Cost Data for the Purpose of Cost-Effectiveness Analysis.

Authors:  Matthew Franklin; James Lomas; Simon Walker; Tracey Young
Journal:  Pharmacoeconomics       Date:  2019-05       Impact factor: 4.981

5.  Operationalizing value-based pricing of medicines : a taxonomy of approaches.

Authors:  Jon Sussex; Adrian Towse; Nancy Devlin
Journal:  Pharmacoeconomics       Date:  2013-01       Impact factor: 4.981

6.  Cost-effectiveness acceptability curves revisited.

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

7.  Cost-Effectiveness of Treatments for the Management of Bone Metastases: A Systematic Literature Review.

Authors:  Lazaros Andronis; Ilias Goranitis; Sue Bayliss; Rui Duarte
Journal:  Pharmacoeconomics       Date:  2018-03       Impact factor: 4.981

8.  Are There Different Evidence Thresholds for Genomic Versus Clinical Precision Medicine? A Value of Information-Based Framework Applied to Antiplatelet Drug Therapy.

Authors:  Gregory F Guzauskas; Anirban Basu; Josh J Carlson; David L Veenstra
Journal:  Value Health       Date:  2019-08-01       Impact factor: 5.725

9.  How to Appropriately Extrapolate Costs and Utilities in Cost-Effectiveness Analysis.

Authors:  Laura Bojke; Andrea Manca; Miqdad Asaria; Ronan Mahon; Shijie Ren; Stephen Palmer
Journal:  Pharmacoeconomics       Date:  2017-08       Impact factor: 4.981

Review 10.  Developing a reference protocol for structured expert elicitation in health-care decision-making: a mixed-methods study.

Authors:  Laura Bojke; Marta Soares; Karl Claxton; Abigail Colson; Aimée Fox; Christopher Jackson; Dina Jankovic; Alec Morton; Linda Sharples; Andrea Taylor
Journal:  Health Technol Assess       Date:  2021-06       Impact factor: 4.014

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