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Background:
Review

Understanding the Global Measurement of Willingness to Pay in Health

by
Jean A. McDougall
1,2,
Wesley E. Furnback
1,
Bruce C. M. Wang
1,* and
Jörg Mahlich
3,4
1
Health Economics and Outcomes Research, Elysia Group, LLC, New York, NY, USA
2
Division of Epidemiology, Biostatistics, and Preventive Medicine, University of New Mexico, Albuquerque, NM, USA
3
Health Economics, Janssen Pharmaceutical KK, Tokyo, Japan
4
Düsseldorf Institute for Competition Economics (DICE), University of Düsseldorf, Düsseldorf, Germany
*
Author to whom correspondence should be addressed.
J. Mark. Access Health Policy 2020, 8(1), 1717030; https://doi.org/10.1080/20016689.2020.1717030
Submission received: 28 August 2019 / Revised: 20 December 2019 / Accepted: 9 January 2020 / Published: 15 February 2020

Abstract

Objective: To understand the different methodologies used to elicit willingness to pay for health and the value of a statistical life year through surveys. Methodology: A systematic review of the literature was undertaken to identify studies using surveys to estimate either willingness to pay for health or the value of a statistical life year. Each study was reviewed and the study setting, sample size, sample description, survey administration (online or face to face), survey methodology, and results were extracted. The results of the studies were then compared to any published national guidelines of cost-effectiveness thresholds to determine their accuracy. Results: Eighteen studies were included in the review with 15 classified as willingness to pay and 3 value of a statistical life. The included studies covered Asia (n = 6), Europe (n = 4), the Middle East (n = 1), and North America (n = 5), with one study taking a global perspective. There were substantial differences in both the methodologies and the estimates of both willingness to pay and value of a statistical life between the different studies. Conclusion: Different methods used to elicit willingness to pay and the value of a statistical life year resulted in a wide range of estimates.
Keywords: willingness to pay; value of statistical life; cost-effectiveness threshold; health economics; literature review; surveys willingness to pay; value of statistical life; cost-effectiveness threshold; health economics; literature review; surveys

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MDPI and ACS Style

McDougall, J.A.; Furnback, W.E.; Wang, B.C.M.; Mahlich, J. Understanding the Global Measurement of Willingness to Pay in Health. J. Mark. Access Health Policy 2020, 8, 1717030. https://doi.org/10.1080/20016689.2020.1717030

AMA Style

McDougall JA, Furnback WE, Wang BCM, Mahlich J. Understanding the Global Measurement of Willingness to Pay in Health. Journal of Market Access & Health Policy. 2020; 8(1):1717030. https://doi.org/10.1080/20016689.2020.1717030

Chicago/Turabian Style

McDougall, Jean A., Wesley E. Furnback, Bruce C. M. Wang, and Jörg Mahlich. 2020. "Understanding the Global Measurement of Willingness to Pay in Health" Journal of Market Access & Health Policy 8, no. 1: 1717030. https://doi.org/10.1080/20016689.2020.1717030

APA Style

McDougall, J. A., Furnback, W. E., Wang, B. C. M., & Mahlich, J. (2020). Understanding the Global Measurement of Willingness to Pay in Health. Journal of Market Access & Health Policy, 8(1), 1717030. https://doi.org/10.1080/20016689.2020.1717030

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