Friday 7 November 2014

Conference Looks at Pricing Healthcare

Questions relating to pricing healthcare were discussed at a major international conference in NUI Galway yesterday.
The conference was titled ‘Pricing Healthcare: The role of health economics evaluation in the emerging healthcare landscape in Ireland’. It brought together leading health economists from the UK and Ireland. It also included contributions from other stakeholders in the healthcare sector such as the pharmaceutical industry, clinicians, private health insurance companies, as well as leading representatives from the key decision making agencies in Ireland in this area such as the HSE, HIQA and the National Centre for Pharmaeconomics.
Every country in the EU and most countries in the OECD fund more than 50% of the total expenditure on healthcare in any year. The average across the OECD is around 72% and the share of total health expenditure in Ireland that the Government spends is about 67%.
According to Brendan Kennelly, a lecturer in Health Economics at NUI Galway, who chaired the conference: “In any system dominated by public expenditure a critical question arises as to what healthcare should be provided. There are a host of competing demands across disease areas, across care levels, across population groups and across social classes. All of them have strong arguments that the particular intervention that they advocate should be funded."
He continued: “However, resources are limited so the question arises as to how should a society decide on which particular elements of healthcare should be prioritised? "

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