New National Institute for Health and Clinical Excellence guidelines change the discount rates for costs and effects from 6% and 1.5% respectively to 3.5% for both. This change gives a lower weight to future health effects and may worsen the cost effectiveness ratio, especially for preventive interventions. Differential discounting is more appropriate when non-monetary outcomes like QALYs are used NICE should return to a 1.5% discount rate for effects.
|Original language||English (US)|
|Number of pages||3|
|Journal||British medical journal|
|State||Published - Aug 20 2005|
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