A collaborative review co-authored by Professor Rhiannon Tudor Edwards explores the Quality Adjusted Life Year (QALY) at 50.
A review co-authored by Professor Rhiannon Tudor Edwards explores the Quality Adjusted Life Year 50 years on. This review provides a historical overview of the development of the QALY and closely examines the methodological debates of two seminal papers. The analytical methods proposed by Fanshel and Bush (1970) and Torrance (1970) underlie the measurement that captures quality of life which now represent a key element of the health economists’ tool kit for economic evaluation.
Subsequent methodological debates over the last 50 years and diverse commentaries about future research and policy use of QALY’s conclude this paper.
Publication date: 24 February 2022