Considering cost-effectiveness: The moral perspective
Priority-Setting in Health: Building Institutions for Smarter Public Spending, Washington, D.C., 2012, pp. 15–19
Abstract
Achieving good value with scarce resources is a substantial moral issue for global health. Interventions can vary immensely in cost-effectiveness: some interventions produce 15,000 times the benefit of others. Ignoring cost-effectiveness thus does not mean losing 10 or 20 percent of the potential value that a health budget could have achieved, but it can easily mean losing 99 percent or more. In human and moral terms, this can mean hundreds, thousands, or millions of people who will lose their lives due to the failure to take cost-effectiveness into account in allocating health resources – AI-generated abstract.
