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Willingness to Pay and Publicly Funded Health Care: Contradiction in Terms?

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  • Cam Donaldson

Abstract

Because health care resources always are scarce, decisions about what (and what not) to pay for cannot be avoided. Deciding how to value health and aspects of health care continue to be the subject of much debate. In this Briefing, Prof Donaldson takes a thorough look at the potential role of the willingess to pay (WTP) approach as a means for valuing the intangibles in health care. He examines whether more explicit monetary valuation of benefits, through elicitation of patients’ and the public’s willingness to pay, are not only useful, buy feasible and defensible in a system such as the NHS, which is funded largely from public sources and aimed at allocating resources on the basis of need. He offer five “defences” for the use WTP in response to the primary criticisms that have been levelled against it.

Suggested Citation

  • Cam Donaldson, 2011. "Willingness to Pay and Publicly Funded Health Care: Contradiction in Terms?," Seminar Briefing 000173, Office of Health Economics.
    • Handle: RePEc:ohe:sembri:000173
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    File URL: https://www.ohe.org/publications/willingness-pay-and-publicly-funded-health-care-contradiction-terms/attachment-359-willingness-to-pay-donaldson-nov-2011/
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    Cited by:

    1. Ryan, Mandy & Kinghorn, Philip & Entwistle, Vikki A. & Francis, Jill J., 2014. "Valuing patients' experiences of healthcare processes: Towards broader applications of existing methods," Social Science & Medicine, Elsevier, vol. 106(C), pages 194-203.
    2. Ulf Persson, 2012. "Value Based Pricing in Sweden: Lessons for Design?," Seminar Briefing 000141, Office of Health Economics.

    More about this item

    Keywords

    Willingness to Pay and Publicly Funded Health Care: Contradiction in Terms?;

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health

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