Patient Economics: How to Measure the Value of Care

Get a look at the behind-the-scenes math that often determines whether or not insurance will cover the costs of treatments.

Health technology assessments attempt to determine the value of a new treatment. But not all of these equations take into account patient voices, experiences, and needs. That includes the QALY - a discriminatory health care metric that’s come under fire. But if it’s banned, what replaces it?

Economists Dr. Neal Masia and Dr. Darius Lakdawalla of EntityRisk explain a new model that takes into account patient needs when calculating the value of a treatment. 

You can share your support for banning discriminatory metrics like the QALY here. 

Plus, learn about the BENEFIT Act, and how it would inject more patient data into FDA approval process. 

Links

Patient Access and Affordability Project: Health Technology Assessment Best Practices for Rare Disease Drugs

Advocacy Masterclass

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The views and opinions expressed herein are those of the guest(s)/ author(s) and do not reflect the official policy or position of Patients Rising, nor do the views and opinions stated on this show reflect the opinions of a guest’s current or previous employers.