Abstract
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) |
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Pages (from-to) | 446-448 |
Number of pages | 3 |
Journal | British medical journal |
Volume | 331 |
Issue number | 7514 |
DOIs | |
State | Published - Aug 20 2005 |
Externally published | Yes |
ASJC Scopus subject areas
- Medicine(all)