Michael Drummond, BSc, MCom, DPhil, professor of health economics at the University of York (England), will deliver a PHSR talk titled “Is Value in the Eye of the Beholder? Recent U.S. Initiatives in a Worldwide Context” on Feb. 12, noon, at Pharmacy Hall, Room N211.
In the United States, there have been a number of attempts recently to devise frameworks for assessing the value of health care, including those by clinical groups (e.g., American Society of Clinical Oncology, American Heart Association) and independent organizations (e.g., Institute for Clinical and Economic Review ). Also, a special task force of the International Society for Pharmacoeconomics and Outcomes Research has recently reported on this topic.
Approaches for assessing the value of health care treatments have been well-established in other countries for at least 20 years. This presentation will examine the key differences between the approaches proposed in the United States and elsewhere and explore whether these differences can be easily explained.