Willingness to pay for a quality-adjusted life year: an evaluation of attitudes towards risk and preferences.

ABSTRACT:

Background

This paper examines the Willingness to Pay (WTP) for a quality-adjusted life year (QALY) expressed by people who attended the healthcare system as well as the association of attitude towards risk and other personal characteristics with their response.

Methods

Health-state preferences, measured by EuroQol (EQ-5D-3L), were combined with WTP for recovering a perfect health state. WTP was assessed using close-ended, iterative bidding, contingent valuation method. Data on demographic and socioeconomic characteristics, as well as usage of health services by the subjects were collected. The attitude towards risk was evaluated by collecting risky behaviors data, by the subject's self-evaluation, and through lottery games.

Results

Six hundred and sixty two subjects

SUBMITTER: Martin-Fernandez J 

PROVIDER: S-EPMC4083040 | biostudies-literature | 2014 Jul

REPOSITORIES: biostudies-literature