PharmacoEconomics Open (2017) 1:291–300 https://doi.org/10.1007/s41669-017-0033-4 OR IGINAL RESEARCH ARTIC L E Eliciting the Monetary Value of a Quality-Adjusted Life Year in a Greek Outpatient Department in Times of Economic Austerity 1 1,2 2 3 • • • A. Mavrodi V. Aletras A. Spanou D. Niakas Published online: 31 May 2017 The Author(s) 2017. This article is an open access publication Abstract showed that higher net monthly family income was asso- Background and objective Contingent valuation is widely ciated with higher WTP per QALY for both payment used to determine individuals’ willingness to pay (WTP) vehicles. Moreover, the presence of a chronic condition for a health gain. Our study aimed to elicit an empirical and higher level of education were associated with higher estimate of the monetary value of a quality-adjusted life out-of-pocket WTP per QALY and WTP per QALY year (QALY) in a Greek outpatient setting in times of through taxes, respectively. economic austerity and assess the impact of patients’ Conclusion The very low WTP per QALY estimates could be characteristics on their valuations. explained by the recent severe economic depression and Methods We used a questionnaire as a survey tool to austerity in Greece. In fact, family income
PharmacoEconomics - Open – Springer Journals
Published: May 31, 2017
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