UK consults on value based pricing system
This article was originally published in Scrip
Executive Summary
The UK department of health today released for consultation its plans for introducing a value-based pricing system to determine how much it will pay for new medicines. The plan focuses on determining maximum prices or thresholds for medicines, which will reflect the different values that different treatments offer. The proposals also touch on the role that NICE, the National Institute for health and Clinical Excellence, will play.