Four New Ideas for Systematic Cost-Effectiveness Analysis

Systematic learning from pooling available cost-effectiveness analyses is undermined by the low quality and availability of costing data across studies. We present four new ideas for improvement: (i) costing preanalysis plans and reporting templates, (ii) defining the costing perspective and reporting the information needed to modify cost calculations, (iii) calculating a cost estimate that reflects the specific impact estimand used in a study, and (iv) reporting costs for randomized controlled trials regardless of the statistical significance of outcomes. Adopting these practices can further the goal of allowing evidence-based policymakers to identify the policies that generate greatest benefit at lowest cost.

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Publication Details

Journal
AEA Papers and Proceedings
Published
2025-05-01
DOI
https://doi.org/10.1257/pandp.20251022
Primary Topic
Health Systems, Economic Evaluations, Quality of Life
Type
article
Field-Weighted Citation Impact
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article

Four New Ideas for Systematic Cost-Effectiveness Analysis

Elizabeth D. Brown, Craig McIntosh
AEA Papers and Proceedings
Health Systems, Economic Evaluations, Quality of Life
article

Four New Ideas for Systematic Cost-Effectiveness Analysis

Elizabeth D. Brown, Craig McIntosh
article en

Abstract

Systematic learning from pooling available cost-effectiveness analyses is undermined by the low quality and availability of costing data across studies. We present four new ideas for improvement: (i) costing preanalysis plans and reporting templates, (ii) defining the costing perspective and reporting the information needed to modify cost calculations, (iii) calculating a cost estimate that reflects the specific impact estimand used in a study, and (iv) reporting costs for randomized controlled trials regardless of the statistical significance of outcomes. Adopting these practices can further the goal of allowing evidence-based policymakers to identify the policies that generate greatest benefit at lowest cost.

AEA Papers and ProceedingsVol. 115
University of California San Diego (US), University of California, Berkeley (US)
Openalex Percentile: Top 83%
Health Systems, Economic Evaluations, Quality of Life
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