Literature DB >> 21257009

Analysis of willingness to pay for implantable cardioverter-defibrillator therapy.

Dominika Nowakowska1, Jason R Guertin, Aihua Liu, Michal Abrahamowicz, Jacques Lelorier, François Lespérance, James M Brophy, Stéphane Rinfret.   

Abstract

Despite being effective in the primary and secondary prevention of sudden cardiac arrest, the cost-effectiveness of implantable cardioverter-defibrillator (ICD) therapy remains debated. We attempted to estimate the value ICD recipients place on their ICD device. We used the contingent valuation method to evaluate the willingness to pay (WTP) and the cost benefit of ICD therapy in an unselected population of 237 recipients. A hypothetical scenario was presented to patients in which at the end of their current ICD no public reimbursement for the replacement would occur. Patients were asked to indicate their out-of-pocket WTP for a replacement ICD using a close-ended question format. Seven different "take-it-or-leave-it" bids were randomly varied and assigned to patients. Median WTP was calculated with nonparametric methods, and multiple logistic regression models were generated to identify factors associated with WTP. Only cost of the device was considered. Median WTP was estimated at CAN $4,125, which corresponds to 21% of the cost of the device (CAN $20,000). In multiple logistic regression analysis, a higher bid (odds ratio [OR] 0.95, 95% confidence interval [CI] 0.91 to 0.99, per CAN $1,000 increase) was associated with a lower WTP, whereas a higher gross family income (OR 2.3, 95% CI 0.9 to 9.0) and higher education (OR 2.2, 95% CI 0.9 to 5.1) were associated with a trend for higher WTP. In conclusion, ICD recipients would be willing to pay a substantial amount for a replacement ICD. Considering the expensive price of the device, ICD recipients value favorably the benefits provided by the ICD.
Copyright © 2011. Published by Elsevier Inc.

Entities:  

Mesh:

Year:  2011        PMID: 21257009     DOI: 10.1016/j.amjcard.2010.09.041

Source DB:  PubMed          Journal:  Am J Cardiol        ISSN: 0002-9149            Impact factor:   2.778


  4 in total

1.  The willingness of patients to pay for intravenous patient-controlled analgesia in Korea.

Authors:  Hyungsun Lim; Duck-Hyoung Lee; Jeongwoo Lee; Young Jin Han; Huhn Choe; Ji-Seon Son
Journal:  Korean J Anesthesiol       Date:  2012-06-19

2.  Out-of-Pocket Cost Is a Barrier to Therapeutic Drug Monitoring in Inflammatory Bowel Disease.

Authors:  James P Campbell; Erin Burton; Shelly Wymer; Michael Shaw; Byron P Vaughn
Journal:  Dig Dis Sci       Date:  2017-10-20       Impact factor: 3.199

3.  Factors affecting the willingness to pay for implants: A study of patients in Riyadh, Saudi Arabia.

Authors:  Bishi Al Garni; Sharat Chandra Pani; Adel Almaaz; Ehsan Al Qeshtaini; Hamad Abu-Haimed; Khalid Al Sharif
Journal:  Dent Res J (Isfahan)       Date:  2012-11

4.  Willingness to pay for family education and counselling services provided by critical care advanced practice nurses.

Authors:  Chung Mee Ko; Chin Kang Koh; Sangho Kwon
Journal:  Int J Nurs Pract       Date:  2019-09-12       Impact factor: 2.226

  4 in total

北京卡尤迪生物科技股份有限公司 © 2022-2023.