Published in:
01-09-2003 | Editorial
When should decision-analytic modeling be used in the economic evaluation of health care?
Author:
Uwe Siebert MDH, MPH
Published in:
The European Journal of Health Economics
|
Issue 3/2003
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Excerpt
More than a quarter of a century ago Weinstein and Stason [
1] introduced to the medical community the concept and methods of cost-effectiveness analysis. Although economic evaluations were not widely used at first, today they are a standard tool in the assessment of health care technologies. Health care resources continue to be limited, and new and more effective technologies often come with increased costs and bear different risks than the "standard" technology. Therefore the application of formal methods considering all dimensions relevant to the patient and society will continue to be of paramount importance in the future. …