Literature DB >> 33032783

Willingness to Pay for Health Improvements Using Stated Preferences: Prevention Versus Treatment.

Ellen Wolff1, Sofie Larsson2, Mikael Svensson2.   

Abstract

OBJECTIVES: This study aimed to investigate whether there was a difference in willingness to pay (WTP) between prevention and treatment for health benefits of equal magnitude.
METHODS: We used a web-based survey instrument in a sample of the Swedish general population to perform a contingent valuation study assessing the WTP for prevention and treatment. We analyzed the WTP as a continuous variable using a two-part regression model to adjust for a mass point around 0 and a skewed distribution among respondents with a positive WTP.
RESULTS: The study found that people were less willing, on average, to pay at all for prevention than treatment, but those who were willing to pay for prevention had a higher WTP than for treatment. The latter effect was more substantial, and in total mean WTP for prevention was about 85% higher than for treatment.
CONCLUSIONS: The findings from this study contribute to the ongoing discussion on the appropriate cost-effectiveness thresholds by adding prevention as a parameter affecting the demand-side value of health improvements. As such, it can provide support to decision makers in healthcare and in health promotion priority setting.
Copyright © 2020 ISPOR–The Professional Society for Health Economics and Outcomes Research. Published by Elsevier Inc. All rights reserved.

Entities:  

Keywords:  contingent valuation; prevention; willingness to pay

Year:  2020        PMID: 33032783     DOI: 10.1016/j.jval.2020.06.008

Source DB:  PubMed          Journal:  Value Health        ISSN: 1098-3015            Impact factor:   5.725


  2 in total

1.  Determinants of willingness to pay for health services: a systematic review of contingent valuation studies.

Authors:  Caroline Steigenberger; Magdalena Flatscher-Thoeni; Uwe Siebert; Andrea M Leiter
Journal:  Eur J Health Econ       Date:  2022-02-15

2.  Willingness to Pay for a COVID-19 Vaccine.

Authors:  Arcadio A Cerda; Leidy Y García
Journal:  Appl Health Econ Health Policy       Date:  2021-02-23       Impact factor: 2.561

  2 in total

北京卡尤迪生物科技股份有限公司 © 2022-2023.