Table 5

Credibility ratings for approaches to valuing changes in the risk of chronic morbidity

Criteria


Approach

Welfare Theoretic (Y/N)

Numbers of Studies (Many/Some/Few)

Other Limitations

Rating


COI

Not usually; hospitalization; sometimes labor productivity (which is a revealed preference approach)

M: medical cost studies F: labor productivity studies

Pricing medical services can be difficult where medical care is socialized or subsidized

C-B

Revealed preference

Y

Many on injury/accidents; not on morbidity

C

CV and choice experiments: health

Y

F

See above

B

QALYs

Y (under very restrictive conditions)

M

Arbitrary monetization

C


Bell et al. Environmental Health 2008 7:41   doi:10.1186/1476-069X-7-41

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