Valuation of Morbidity Losses: Meta-Analysis of Willingness-to-Pay and Health Status Measures
This report summarizes RTI’s efforts and results in developing a systematic benefit transfer method for valuing changes in morbidity. This method is based on an integrated statistical analysis ("metaanalysis") of results from the existing health valuation literature. By combining the findings from multiple studies, we are able to specify and demonstrate a benefit transfer function for acute health effects. We are also able to compare value estimates based on this function with estimates based on separate benefit transfer approaches that CFSAN has used for recent regulatory analysis. In addition, the meta-analysis for acute effects lays an important foundation for assessing values for chronic health effects as well.