IVI’s Jennifer Bright and Mark Linthicum write in STAT News that we’re squandering time and resources trying to find a neat answer to “what is value?” by focusing on the cost of drugs without tackling other hard questions at the heart of measuring value across healthcare interventions.
Determining the value of health care, they argue, requires understanding both its benefits and its costs — a complex undertaking that is sadly oversimplified in the public debate. Instead, advanced methods and platforms that provide deeper insights into value are needed. That’s no simple matter, write the authors, but the challenge can’t be an excuse to throw up our hands and embrace the status quo as “good enough.”
Read the full article on STAT News here.