Description.Day2.CostBenefitWorkshop

Workshop 1: NTA for impact evaluation: cost-benefit analyses

Coordinators: Sang-Hyop Lee and Alex Weinreb

The goal of the workshop is to facilitate a group discussion of an NTA data-driven approach to evaluating financial benefits and costs of a (government) policy intervention, while paying particular attention to differences in primary and secondary effects at different ages, difficulties associated with estimation including the availability of suitable data, and issues with institutionalizing the practice. We anticipate a relatively free-flowing discussion and brainstorm that covers three general topics: i) Previous and ongoing research using NTA data or an NTA-type approach to evaluate policy in terms of cost and benefit, where these can be simulated or measured directly. Alex’s example—a cost-benefit analyses of supporting GLP-1 drugs— merges the NTA with Global Burden of Disease (GBD) data on age-specific incidence of various chronic conditions and a secondary literature on costs (financial and person-years lived). Other areas of public policy where a similar model could be used include programs affecting education or growth and will be discussed; ii) Future research directions for the NTA network in this area, including establishing a common analytical framework/methodology that would expand NTA’s reach and facilitate greater international comparability of research and results; and iii) Other work/directions of interest in this area. We look forward to open discussion, suggestions, proposals, and strategies to implement them.