Fact Sheet

Value Assessments Should Include All the Outcomes That Matter to Patients and Families

PhRMA February 20, 2019

When it comes to assessing the value of medicines, conventional cost-effectiveness analysis (CEA) methods typically only account for the value of quality-adjusted life years (QALYs) and health care costs and miss important elements of value that matter to patients and society. The outcomes that matter to patients should matter to everyone.

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