NICE’s approach to measuring value
Felix Greaves, Meindert Boysen
Abstract
Appleby asks whether covid-19 vaccines would be considered cost effective using the National Institute for Health and Care Excellence (NICE) approach to measuring value—and questions whether NICE’s methods are appropriate.1 The pandemic has highlighted fundamental questions about what we choose to value in society, including how to balance health impacts with wider societal and economic effects. Appleby is correct that we don’t consider the benefit and costs of vaccines at NICE. We see this momentous event as an …
Topics & Concepts
NiceExcellenceValue (mathematics)PandemicCoronavirus disease 2019 (COVID-19)Health care rationingEvent (particle physics)Health careOperations researchMedicinePolitical scienceComputer scienceLawMathematicsDiseaseQuantum mechanicsPathologyPhysicsMachine learningProgramming languageInfectious disease (medical specialty)Healthcare Systems and ChallengesHealthcare cost, quality, practicesHealth Systems, Economic Evaluations, Quality of Life