Literature DB >> 30298280

The Monetary Value of Informal Care: Obtaining Pure Time Valuations Using a Discrete Choice Experiment.

Renske J Hoefman1, Job van Exel2,3, Werner B F Brouwer1,4.   

Abstract

BACKGROUND: Interventions in health care often not only have an effect on patients, but also on their informal caregivers. Caregiving can have a profound impact on the health and wellbeing of carers. Ignoring these spillovers in economic evaluations risks labelling interventions mistakenly as cost-effective, at the expense of informal caregivers.
OBJECTIVE: This paper investigates willingness-to-accept (WTA) values for an hour of informal care, corrected for positive and negative impacts of informal care, to facilitate the inclusion of informal care hours on the cost side of economic evaluations without double-counting spillover effects.
METHODS: A discrete choice experiment (DCE) was conducted among a representative sample of the adult population in the Netherlands (n = 552) in September 2011. An experimental design minimizing the D-error was used to construct choice sets with two unlabelled alternatives with the attributes 'hours caregiving', 'monetary compensation for caregiving' and seven impacts of caregiving. To operationalize the random utility model, we used a panel mixed multinomial logit (MMNL) parameter model. For calculation of WTA, we used both population-level parameters and individual-level parameters.
RESULTS: The mean WTA for an additional hour of informal care, corrected for positive and negative impacts of informal care, was €14.57. The signs of the coefficients were all in the expected directions.
CONCLUSIONS: This study reports a preference-based monetary value for informal care, corrected for other impacts. This valuation facilitates the inclusion of informal care hours on the cost side in economic evaluations without double-counting any spillover effects included on the effects side.

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Year:  2019        PMID: 30298280     DOI: 10.1007/s40273-018-0724-4

Source DB:  PubMed          Journal:  Pharmacoeconomics        ISSN: 1170-7690            Impact factor:   4.981


  43 in total

1.  Burden and well-being among caregivers: examining the distinction.

Authors:  Neena L Chappell; R Colin Reid
Journal:  Gerontologist       Date:  2002-12

2.  Monetary Valuation of Informal Care Based on Carers' and Noncarers' Preferences.

Authors:  Silvia Garrido-García; Fernando-Ignacio Sánchez-Martínez; José-María Abellán-Perpiñán; Job van Exel
Journal:  Value Health       Date:  2015-06-22       Impact factor: 5.725

3.  Caring externalities in health economic evaluation: how are they related to severity of illness?

Authors:  Fredric Jacobsson; John Carstensen; Lars Borgquist
Journal:  Health Policy       Date:  2005-01-07       Impact factor: 2.980

4.  Implications of spillover effects within the family for medical cost-effectiveness analysis.

Authors:  Anirban Basu; David Meltzer
Journal:  J Health Econ       Date:  2005-04-22       Impact factor: 3.883

5.  How to include informal care in economic evaluations.

Authors:  Renske J Hoefman; Job van Exel; Werner Brouwer
Journal:  Pharmacoeconomics       Date:  2013-12       Impact factor: 4.981

6.  The value of informal care--a further investigation of the feasibility of contingent valuation in informal caregivers.

Authors:  Claudine de Meijer; Werner Brouwer; Marc Koopmanschap; Bernard van den Berg; Job van Exel
Journal:  Health Econ       Date:  2010-07       Impact factor: 3.046

Review 7.  Economic evaluation to inform health care decision-making: promise, pitfalls and a proposal for an alternative path.

Authors:  Astrid Brousselle; Chantale Lessard
Journal:  Soc Sci Med       Date:  2011-02-03       Impact factor: 4.634

8.  Willingness to pay for informal care in France: the value of funding support interventions for caregivers.

Authors:  Chloé Gervès-Pinquié; Martine M Bellanger; Joel Ankri
Journal:  Health Econ Rev       Date:  2014-12-13

9.  A Framework for Including Family Health Spillovers in Economic Evaluation.

Authors:  Hareth Al-Janabi; Job van Exel; Werner Brouwer; Joanna Coast
Journal:  Med Decis Making       Date:  2015-09-16       Impact factor: 2.583

10.  Measuring the impact of caregiving on informal carers: a construct validation study of the CarerQol instrument.

Authors:  Renske J Hoefman; Job van Exel; Werner B F Brouwer
Journal:  Health Qual Life Outcomes       Date:  2013-10-21       Impact factor: 3.186

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  6 in total

1.  Advances in Methods and Novel Applications for Measuring Family Spillover Effects of Illness.

Authors:  Lisa A Prosser; Eve Wittenberg
Journal:  Pharmacoeconomics       Date:  2019-04       Impact factor: 4.981

Review 2.  Quantifying Family Spillover Effects in Economic Evaluations: Measurement and Valuation of Informal Care Time.

Authors:  Scott D Grosse; Jamison Pike; Rieza Soelaeman; J Mick Tilford
Journal:  Pharmacoeconomics       Date:  2019-04       Impact factor: 4.981

3.  Development of a casemix classification to predict costs of home care in the Netherlands: a study protocol.

Authors:  Arianne Mathilda Josephus Elissen; Gertjan Sebastiaan Verhoeven; Maud Hortense de Korte; Anne Odilia Emile van den Bulck; Silke Friederike Metzelthin; Lieuwe Christiaan van der Weij; Jaap Stam; Dirk Ruwaard; Misja Chiljon Mikkers
Journal:  BMJ Open       Date:  2020-02-17       Impact factor: 2.692

4.  Economic evaluation of nurse-led stroke aftercare addressing long-term psychosocial outcome: a comparison to care-as-usual.

Authors:  Daan P J Verberne; Ghislaine A P G van Mastrigt; Rudolf W H M Ponds; Caroline M van Heugten; Mariëlle E A L Kroese
Journal:  BMJ Open       Date:  2021-02-25       Impact factor: 2.692

5.  Use of Productivity Loss/Gain in Cost-Effectiveness Analyses for Drugs: A Systematic Review.

Authors:  Akira Yuasa; Naohiro Yonemoto; Michael LoPresti; Shunya Ikeda
Journal:  Pharmacoeconomics       Date:  2020-11-24       Impact factor: 4.981

Review 6.  The Challenges of Measuring Informal Care Time: A Review of the Literature.

Authors:  Sean Urwin; Yiu-Shing Lau; Gunn Grande; Matt Sutton
Journal:  Pharmacoeconomics       Date:  2021-07-29       Impact factor: 4.981

  6 in total

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