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PhRMA Offers Recommendations for ICER’s Value Assessment Framework  

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PhRMA Offers Recommendations for ICER’s Value Assessment Framework

The Pharmaceutical Research and Manufacturers of America (PhRMA) recommended five changes the Institute for Clinical and Economic Review (ICER) should make as the drug-pricing watchdog looks to update its value assessment framework.

PhRMA in its comments suggested ICER consider alternatives to the quality-adjusted life year (QALY), such as the multi-criteria decision analysis (MCDA).

“While the QALY, which provides a single number summarizing the ‘value’ of a treatment, it is a commonly used metric for quantifying health benefits, patients do not receive treatments in isolation … It is extraordinarily difficult to translate QALY-based assessments into real-world decision-making in clinically appropriate, patient-centered ways,” PhRMA stated.

To read more, click here.



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