Quality adjusted life years: A history

Most health economists people know quality adjusted life years (QALYs) are. But why are they so widely used in the United Kingdom, but not in the United States? A paper by MacKillop and Sheard (2018) provides an interesting history of the QALY and is worth a read. For QALYs to be useful there first had…

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The Myth of All-American Drugs and What Trump’s Tariffs Miss About Pharma Supply Chains

Pharmaceutical tariffs are coming, part of President Trump’s stated goal of bringing drug manufacturing back to the U.S. Untangling the sprawling, global supply chain will be complicated and expensive, and could inadvertently compete with other administration goals regarding drug pricing and availability. The post The Myth of All-American Drugs and What Trump’s Tariffs Miss About…

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