How often do you approach something you want to buy and realize, “its just not worth it? ” What do you think is actually going on in your brain when you make these decisions? It’s a mental and emotional calculation about how much benefit you get from something versus how much it costs. This might be something as simple as how it makes you feel vs. how much time it will take you to earn the money necessary to pay for something.
Now that more of your own money is going towards your healthcare, its time for you to do the same thing. Sometimes we hear that it’s just too complicated – it’s too hard to figure out what something is worth that when your life is at stake! We totally get that- but, there are times when you want or even need to make a choice. How can you do that? Patient premier can help.
The QALY, a measure about the relative value of a pharmaceutical (drug), really helps you understand what is going on. Its from ICER, the Institute for Clinical and Economic Review. They say their “mission is to help provide an independent source of analysis of evidence on effectiveness and value to improve the quality of care that patients receive while supporting a broader dialogue on value in which all stakeholders can participate fully.” They are independent and not tied to the pharma industry (that we know of).
They go on to say, “It’s easy to focus on the price, but we’re looking at a lot more than that. We focus a lot of attention on helping sort out the evidence on whether new drugs offer additional benefits compared with existing drugs, and if they do, to identify which patients are most likely to benefit. Only then do we move to looking at how the costs of new drugs play out over the long haul — do they reduce future costs by keeping patients healthier? Or do they ultimately lead to increased costs for patients and the entire health care system? We look at the whole picture so that we can help patients, doctors, and insurers understand the true value of a new drug. And the anchor to any determination of value is the evidence on how much better the drug is at improving patients’ health.” (https://icer-review.org/about/frequently-asked-questions/#price).
We’ve made it easier to access QALY information and brought it to you! Just click on QALY at the top of the screen and search via your drugs name (or the beginning few letters) or its category(is it for blood pressure, diabetes, rheumatoid arthritis, etc).