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The impact of statistical properties of incremental monetary net benefit and incremental cost-effectiveness ratio on health economic modeling choices.

Fei YuanShrikant Ishver BangdiwalaWesley TongAndre Lamy
Published in: Expert review of pharmacoeconomics & outcomes research (2022)
INMB's variance varies with a willingness-to-pay (WTP) threshold quadratically while ICER's variance with a WTP threshold value quadratically while ICER's variance with incremental-mean-cost quadratically. A simple and naïve model can sufficiently estimate ICER. Future metrics are expected to be health-economic-meaningful, unambiguous, unbiased, efficient, and statistical-inference-friendly.
Keyphrases
  • public health
  • healthcare
  • mental health
  • health information
  • health promotion
  • current status
  • climate change
  • low cost