Age Cohort Selection in Health Economic Evaluations: Single Age Cohort Vs. Multi-Age Cohorts

Author(s)

ABSTRACT WITHDRAWN

OBJECTIVES: Age is an important modeling choice in cost effectiveness analysis (CEAs). Often, CEAs follow a single age cohort of individuals, and the results are used to represent an age group. This is sufficient when the single age selected is representative of that group. Otherwise, the results could be incorrect. By contrast, a model could track all ages in the age group of interest, so the results are more accurate for that age group. This study demonstrates how the results vary with the choice of the representative age for single age cohort analysis, and their difference from multi-age cohort analyses.

METHODS: For illustration, we employed a decision-analytic state-transition model for pneumococcal vaccines and compared the cost effectiveness of PCV15+PPSV23 vs. PCV20 for age group 50-64 from a societal perspective. Costs (in $2022 USD) and outcomes were discounted using an annual discount rate of 3%. The incremental cost effectiveness ratios (ICERs) were recorded from each single cohort analysis using 50 to 64 as the representative age, and from multi-age cohort analysis following all ages in 50-64.

RESULTS: The ICERs for the single age cohort analyses fluctuated and ranged from cost saving to $187million. The ICER from the multi-age cohort analysis was $7.2 million. In this example, the multi-age cohort ICER was closest to the ICERs for single age cohort analysis using age 57 (ICER = $6.7 million), and age 58 (ICER = 8.1 million).

CONCLUSIONS: Using a single age to represent an age group when conducting CEAs could be inaccurate as the representative age selected has a considerable impact on outcomes, though single age cohort analysis has its advantages of conceptual simplicity and adequacy in certain circumstances. In some other cases, multi age cohort analyses might be a more accurate approach with the potential cost of longer computation time.

Conference/Value in Health Info

2024-05, ISPOR 2024, Atlanta, GA, USA

Code

EE308

Topic

Economic Evaluation, Methodological & Statistical Research

Topic Subcategory

Cost-comparison, Effectiveness, Utility, Benefit Analysis

Disease

No Additional Disease & Conditions/Specialized Treatment Areas

Explore Related HEOR by Topic


Your browser is out-of-date

ISPOR recommends that you update your browser for more security, speed and the best experience on ispor.org. Update my browser now

×