Valuing health using a new quality of life instrument
Project Member(s): Viney, R.
Funding or Partner Organisation: National Health & Medical Research Council (NHMRC Project Grant starting in 2000)
Start year: 2014
Summary: This projects aims to develop an Australian based valuation for the newly developed EQ-5D-5L preference-based quality of life instruments for use in economic evaluation. The existing EQ-5D-3L instrument is the most widely used instrument for valuing quality of life for the purposes of economic evaluation, and the research team for this grant proposal have already developed Australian based algorithms for it using both the standard time-trade-off method and the cutting-edge and highly promising discrete choice experiment (DCE) method. Concerns about the lack of sensitivity of the EQ-5D-3L to changes in health states have been addressed by the Euroqol group (the instrument's developers) by the release of the new EQ-5D-5L. The new EQ-5D-5L instrument is expected to be as widely used as its predecessor, allowing the estimation of utility values for cost-utility analyses (CUA), the dominant method for economic evaluation both in Australia and worldwide.
Publications:
Mulhern, B, Norman, R, Shah, K, Bansback, N, Longworth, L & Viney, R 2018, 'How Should Discrete Choice Experiments with Duration Choice Sets Be Presented for the Valuation of Health States?', Medical Decision Making, vol. 38, no. 3, pp. 306-318.
View/Download from: Publisher's site
Keywords: quality of life, multi-attribute utility measures, Australia
FOR Codes: Health Policy Evaluation, Health Economics, Health Policy Economic Outcomes, Health economics , Evaluation of health and support services not elsewhere classified