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Comparing jurisdiction-specific pharmaco-economic evaluations using medical purchasing power parities.

Authors :
Choi BM
Abraham RB
Halawah H
Calamia M
Obeng-Kusi M
Alrawashdh N
Arku D
Abraham I
Source :
Journal of medical economics [J Med Econ] 2021 Nov; Vol. 24 (sup1), pp. 34-41.
Publication Year :
2021

Abstract

Objectives: To demonstrate how medical purchasing power parities (mPPP) may harmonize economic evaluations from different jurisdictions and enable comparisons across jurisdictions.<br />Methods: We describe the use of mPPPs and illustrate this with an example of economic evaluations of nab-paclitaxel with gemcitabine (Nab-P + Gem) versus gemcitabine monotherapy in the setting of metastatic pancreatic cancer. Following a literature search, we extracted data from cost-effectiveness studies on these treatments performed in various countries. mPPPs from the Organization for Economic Co-operation and Development were used to convert reported costs in the jurisdiction of origins to US dollars for the most current year using two possible pathways: (1) reported costs first adjusted by mPPP then adjusted by exchange index; and (2) reported costs first adjusted by exchange index then adjusted by mPPP.<br />Results: Despite many of the pharmaco-economic evaluations sharing similar assumptions and inputs, even after mPPP conversion, residual heterogeneity was attributable to perspectives, discount rate, outcomes, and costs, among others; including in studies conducted in the same jurisdiction.<br />Conclusion: Despite the methodological challenges and heterogeneity within and across jurisdictions, we demonstrated that mPPP offers a way to compare economic evaluations across jurisdictions.

Details

Language :
English
ISSN :
1941-837X
Volume :
24
Issue :
sup1
Database :
MEDLINE
Journal :
Journal of medical economics
Publication Type :
Academic Journal
Accession number :
34866529
Full Text :
https://doi.org/10.1080/13696998.2021.2007705