Confidence intervals for cost/effectiveness ratios

The reduction of costs is becoming increasingly important in the medical field. The relevant topic of many clinical trials is not effectiveness per se, but rather cost-effectiveness ratios. Surprisingly, no statistical tools for analyzing cost-effectiveness ratios have been provided in the medical l...

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Bibliographic Details
Published in:	Health economics Vol. 4; no. 5; p. 373
Main Authors:	Wakker, P, Klaassen, M P
Format:	Journal Article
Language:	English
Published:	England 01-09-1995
Subjects:	Clinical Trials as Topic Confidence Intervals Cost-Benefit Analysis Data Interpretation, Statistical Health Services Research - economics Health Services Research - methods Humans Models, Econometric Reproducibility of Results
Online Access:	Get more information
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Summary:	The reduction of costs is becoming increasingly important in the medical field. The relevant topic of many clinical trials is not effectiveness per se, but rather cost-effectiveness ratios. Surprisingly, no statistical tools for analyzing cost-effectiveness ratios have been provided in the medical literature yet. This paper explains the gap in the literature, and provides a first technique for obtaining confidence intervals for cost-effectiveness ratios. The technique does not use sophisticated tools to achieve maximal optimality, but seeks for tractability and ease of application while still satisfying all formal statistical requirements.
ISSN:	1057-9230
DOI:	10.1002/hec.4730040503