Over the past three years, the Bill & Melinda Gates Foundation has funded a major effort to develop reference case guidance for the conduct of benefit-cost analysis, focusing on policies designed to improve health and welfare in low- and middle-income countries. This effort builds on the iDSI reference case, which includes general guidance for all forms of economic evaluation as well as specific guidance for cost-effectiveness analysis. In this seminar, we will provide an overview of the benefit-cost analysis guidance and discuss its application.
The aim of this project is to promote the use and the usefulness of benefit-cost analysis to support policy decisions within and across sectors. The guidelines clarify important concepts, aid in implementation, and provide default values for key parameters. The objectives are to increase the comparability of economic evaluations, improve their quality, and expand their use. More information on the guidelines, including links to related publications, is available here.
Lisa A. Robinson, MPP is a Senior Research Scientist at the Harvard Chan School Center for Health Decision Science. Her research focuses on the conduct of benefit-cost analysis, particularly for policies with outcomes that cannot be fully valued using market measures, as well as its relationship to cost-effectiveness analysis and other forms of economic evaluation.