[PHP389] The European Social Preference Measurement (ESPM) Study: Conceptual Considerations and Implementation
2016 Value in Health
Schlander, M. | Telser, H. | Holm, S. | Marshall, D. A. | Nord, E. | Richardson, J. | Garattini, S. | Kolominsky-Rabas, P. | Persson, U. | Postma, M. J. | Simoens, S. | de Sola-Morales, O. | Tolley, K. | Toumi, M. |
Unlike cost benefit analysis, cost effectiveness analysis (CEA) is restricted to length of life and health-related quality of life as integrated measures of benefit. Valuation is based on individual preferences for health states. Yet dimensions of social value may exceed those driven by (aggregated) individual preference satisfaction. Multi-criteria decision analysis (MCDA) and social cost value analysis (SCVA) were proposed as alternatives to the conventional logic. Both approaches need support by robust evidence on social preferences.