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Evolving reimbursement and pricing policies for devices in Europe and the United States should encourage greater value

Sorenson, Corinna, Drummond, Michael and Burns, Lawton R. (2013) Evolving reimbursement and pricing policies for devices in Europe and the United States should encourage greater value. Health Affairs, 32 (4). pp. 788-796. ISSN 0278-2715

Full text not available from this repository.
Identification Number: 10.1377/hlthaff.2012.1210

Abstract

Rising health care costs are an international concern, particularly in the United States, where spending on health care outpaces that of other industrialized countries. Consequently, there is growing desire in the United States and Europe to take a more value-based approach to health care, particularly with respect to the adoption and use of new health technology. This article examines medical device reimbursement and pricing policies in the United States and Europe, with a particular focus on value. Compared to the United States, Europe more formally and consistently considers value to determine which technologies to cover and at what price, especially for complex, costly devices. Both the United States and Europe have introduced policies to provide temporary coverage and reimbursement for promising technologies while additional evidence of value is generated. But additional actions are needed in both the United States and Europe to ensure wise value-based reimbursement and pricing policies for all devices, including the generation of better pre- and postmarket evidence and the development of new methods to evaluate value and link evidence of value to reimbursement.

Item Type: Article
Official URL: http://www.healthaffairs.org/
Additional Information: © 2013 Project HOPE
Divisions: LSE Health
Subjects: H Social Sciences > HC Economic History and Conditions
R Medicine > RA Public aspects of medicine
JEL classification: H - Public Economics > H5 - National Government Expenditures and Related Policies > H51 - Government Expenditures and Health
I - Health, Education, and Welfare > I1 - Health > I11 - Analysis of Health Care Markets
Sets: Collections > Economists Online
Research centres and groups > LSE Health
Date Deposited: 15 Apr 2013 13:35
Last Modified: 20 Feb 2019 10:32
URI: http://eprints.lse.ac.uk/id/eprint/49666

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