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Estimating an exchange rate between the EQ-5D-3L and ASCOT
- Source :
- The European Journal of Health Economics
- Publication Year :
- 2017
- Publisher :
- Springer Verlag, 2017.
-
Abstract
- Background The aim was to estimate an exchange rate between EQ-5D-3L and the Adult Social Care Outcome Tool (ASCOT) using preference-based mapping via common time trade-off (TTO) valuations. EQ-5D and ASCOT are useful for examining cost-effectiveness within the health and social care sectors, respectively, but there is a policy need to understand overall benefits and compare across sectors to assess relative value for money. Standard statistical mapping is unsuitable since it relies on conceptual overlap of the measures but EQ-5D and ASCOT have different conceptualisations of quality of life. Methods We use a preference-based mapping approach to estimate the exchange rate using common TTO valuations for both measures. A sample of health states from each measure was valued using TTO by 200 members of the UK adult general population. Regression analyses are used to generate separate equations between EQ-5D-3L and ASCOT values using their original value set and TTO values elicited here. These are solved as simultaneous equations to estimate the relationship between EQ-5D-3L and ASCOT. Results The relationship for moving from ASCOT to EQ-5D-3L is a linear transformation with an intercept of −0.0488 and gradient of 0.978. This enables QALY gains generated by ASCOT and EQ-5D to be compared across different interventions. Conclusions This paper estimated an exchange rate between ASCOT and EQ-5D-3L using a preference-based mapping approach that does not compromise the descriptive systems of the two measures. This contributes to the development of preference-based mapping through the use of TTO as the common metric used to estimate the exchange rate between measures.
- Subjects :
- Adult
Male
Adolescent
Cost-Benefit Analysis
Health Status
Economics, Econometrics and Finance (miscellaneous)
03 medical and health sciences
Social support
Young Adult
0302 clinical medicine
Exchange rate
Quality of life (healthcare)
Utility
EQ-5D
Surveys and Questionnaires
Economics
Humans
030212 general & internal medicine
I10
Aged
Aged, 80 and over
Relative value
Original Paper
Actuarial science
Health economics
Cost–benefit analysis
Social care
030503 health policy & services
Health Policy
ASCOT
Social Support
Middle Aged
Preference
Preference-based methods
Quality of Life
Female
0305 other medical science
Subjects
Details
- Language :
- English
- ISSN :
- 16187598
- Database :
- OpenAIRE
- Journal :
- The European Journal of Health Economics
- Accession number :
- edsair.doi.dedup.....a7cc3ee19c940ae9c53cec6fc729dea2