Several studies have sought to determine the monetary value of health gains expressed as Quality Adjusted Life Years gained, predominantly using Willingness to Pay approaches. However, Willingness to Pay has a number of recognised problems, most notably its insensitivity to scope. This paper...

Background: The quality-adjusted life year (QALY) is typically used in economic evaluation among health care interventions, which relies on some generic preference-based measures of health, such as EQ-5D, HUI and SF-6D etc. However, it has been widely assumed that those generic preference-based...