Measuring Health Utility in Economics

Oxford Research Enciclopedia, 2019

Autores: José Luis Pinto-Prades, Arthur Attema, y Fernando Ignacio Sánchez Martínez

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Summary

Quality-adjusted life years (QALYs) are one of the main health outcomes measures used to make health policy decisions. It is assumed that the objective of policymakers is to maximize QALYs. Since the QALY weighs life years according to their health-related quality of life, it is necessary to calculate those weights (also called utilities) in order to estimate the number of QALYs produced by a medical treatment.

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