ICER to use new metric to assess drug cost-effectiveness

13 December 2018

Cost-effectiveness watchdog ICER has issued a document introducing a new metric to its assessment toolbox, the Equal Value of Life Years Gained (evLYG).

At the same time, the group outlines its commitment to continued use of the quality-adjusted life year (QALY), calling it the “gold standard” for measuring healthcare outcomes.

The non-profit describes the QALY as “a cornerstone of cost-effectiveness analysis in the USA and around the world for more than 30 years.”

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