Thus far, advice is that: (a) any cost-benefit analysis should prioritise the economic impact of accurate genetic diagnoses (albeit for an expected minority of pwME, given the rare variant approach of SeqME&LC) as its assumptions would be stronger, (b) the cost-benefit of ultimate effective treatments should be secondary as its assumptions will be weaker;
I don't think that is right. I think you have to put a value on the effect of a treatment, because it has the potential to be so large. Sure, discount it for uncertainty, but even a 10% chance of a treatment being found in the next ten years that makes people able to function is likely to produce substantial value. That's because of the number of people involved, including the number of people who will continue to become ill, and the many years of net benefits . If you fix someone in their 20s, then you have decades of them contributing to society, and that benefit is discounted back into a net present value.
I can see that an economic analysis might have political value (but might well not) but across the board the economic case for medical reseaech is hopeless. If you make people well they will live longer and in the end cost more to society in terms of care. Relief of suffering, which is the real aim, does not even appear on a balance sheet.
It just depends on how you make the model. There is no reason why you can't put in a value on healthy years lived and include that in the model.
Improving the health and capacity of people with ME could turn people from receivers of benefits into tax contributors (median salary of £40,000 contributes ~£7,500 in NI and Income Tax plus ~£5200 in employer's NI, as well as VAT, and other taxes).
Those people also free-up the time and capacity of carers, save funds for their own pensions, innovate new businesses, and all sorts of wider economic benefits which I can't begin to quantify.
yes
But more than anything else I think that discussing research decisions in economic terms is simply demeaning. I went in to medicine to try to relieve suffering. That is what medical research is for. Period.
As others have said, there isn't an endless pot of money for all possible research. Neither should research priorities be determined wholly by the interests of researchers who are good at securing funds.
An analysis of how much net benefit research is likely to produce, using some consistent assumptions including the number of people likely to benefit, and the extent of the individual benefit is a good way to work out what should be prioritised.
There are lots of ways to take into account the aim of limiting suffering and extending life. Put a value on the likely extra healthy years lived and put that into the model. Maybe you see that as demeaning, but the alternative is that research funding is decided only on the whims and fancies of the people in the research funding organisations. An approach of good economic analysis gives you consistency and transparency.
Yes, but that is in terms of extra life and extra quality. of life, not economic impact. Surely the two are completely different. NICE judges whether a treatment relieves suffering. I think SequenceME should be judged on its chance of relieving suffering.
A good cost benefit model will do exactly that. It quantifies the likely individual net benefit, the number of people who will benefit and the timing of the benefit, taking into account the certainty. And that allows you to make informed decisions about what action to take with limited funds.
On NICE deciding whether a treatment relieves suffering - yes, but efficacy can't be the whole question when it comes to government priorities. It is entirely right that expenditure on Treatment A that allows 100,000 children to live long and healthy lives when they otherwise wouldn't should be prioritised over the same amount of expenditure on Treatment B that gives 2,000 people a few more years of compromised life. Of course it's terribly difficult, but those sorts of decisions are being made all the time for government funding allocations, often without much analysis at all.
Doctors have to act in the interest of the patient they see in front of them, but the government decision-makers should be weighing up what is the best way to ensure that benefits to the whole of society are maximised and distributed fairly.