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There's a price for life in a given society though. Due to resources being finite and wellbeing mattering. In the UK I believe NICE uses £30k/QALY as the price.
by concordDance 3y ago
There's a price for life in a given society though. Due to resources being finite and wellbeing mattering. In the UK I believe NICE uses £30k/QALY as the price.
- robertlagrant 3y agoYep, although short term end of life years are deemed more valuable (e.g. if you have 3 months to live and we can get you another 3 months, we'll pay more for those 3 months)[0]. And the number is a bit flexible based on other factors, I think. [0] https://www.tandfonline.com/doi/full/10.1080/14737167.2017.1330152 https://www.tandfonline.com/doi/full/10.1080/14737167.2017.1...
- tremon 3y ago£30k/QALY nit: pretty sure that should be £30k * QALY.
- concordDance 3y agoImagine 10 km/h, the more hours you have drive the more kilometers you've driven. Similarly, with £/QALY the more QALYs you've paid for the more £ it will have cost.