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Examining Willingness-to-Pay and Zero Valuations for a Health Improvement with Logistic Regression

Study aim was to elicit the Greek general population’s willingness-to-pay (WTP) for a health improvement (recovery to perfect health), examine attitudinal differences between willing- and unwilling-to-pay individuals regarding healthcare services provision, and investigate —using a logistic regressi...

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Autores principales: Mavrodi, Afentoula G., Chatzopoulos, Stavros A., Aletras, Vassilis H.
Formato: Online Artículo Texto
Lenguaje:English
Publicado: SAGE Publications 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8287344/
https://www.ncbi.nlm.nih.gov/pubmed/34271848
http://dx.doi.org/10.1177/00469580211028102
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author Mavrodi, Afentoula G.
Chatzopoulos, Stavros A.
Aletras, Vassilis H.
author_facet Mavrodi, Afentoula G.
Chatzopoulos, Stavros A.
Aletras, Vassilis H.
author_sort Mavrodi, Afentoula G.
collection PubMed
description Study aim was to elicit the Greek general population’s willingness-to-pay (WTP) for a health improvement (recovery to perfect health), examine attitudinal differences between willing- and unwilling-to-pay individuals regarding healthcare services provision, and investigate —using a logistic regression model—demographic/socioeconomic factors impact on their intention to pay for a health improvement. A research tool was developed to conduct a cross-sectional stated-preference telephone-based survey (January-February 2019) and a representative sample (n = 1342) of the Greek general population was queried. The computer-assisted telephone-interview (CATI) method was used to ensure random sampling. WTP was elicited using the iterative bidding technique. Participants’ attitudes toward healthcare services provision were assessed through pre-defined statements. Test-retest reliability of these statements was assessed using intraclass correlation coefficients (ICC). Logistic regression was employed to identify sociodemographic factors’ effect on WTP intention. Differences among individuals’ attitudes were assessed using the chi-square test. All analyses were conducted using the IBM SPSS Software v.25.0. Analysis showed acceptable reliability for WTP estimates (ICC = .67) and good reliability for healthcare services assessment statements (ICC = .83-.94). Mean WTP was estimated at €439.8. Respondents with higher educational level and higher household income were more likely to be willing to pay for a health improvement. On the contrary, older participants were less likely to be willing to pay. Most participants who considered public healthcare services to be of high quality were unwilling to pay. Logistic regression analysis led to the development of an effective predictive model regarding factors affecting individuals’ WTP intention for a health improvement. Further classification of unwilling-to-pay individuals into protest responders and “true” zero valuators showed that protest responders are unlikely to be representative of the population. Hence, study results can be used for debiasing WTP responses, leading to a more accurate use of WTP estimates by policy makers, exploiting WTP values in medical interventions cost-benefit analysis within reimbursement decisions framework.
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spelling pubmed-82873442021-08-03 Examining Willingness-to-Pay and Zero Valuations for a Health Improvement with Logistic Regression Mavrodi, Afentoula G. Chatzopoulos, Stavros A. Aletras, Vassilis H. Inquiry Original Research Study aim was to elicit the Greek general population’s willingness-to-pay (WTP) for a health improvement (recovery to perfect health), examine attitudinal differences between willing- and unwilling-to-pay individuals regarding healthcare services provision, and investigate —using a logistic regression model—demographic/socioeconomic factors impact on their intention to pay for a health improvement. A research tool was developed to conduct a cross-sectional stated-preference telephone-based survey (January-February 2019) and a representative sample (n = 1342) of the Greek general population was queried. The computer-assisted telephone-interview (CATI) method was used to ensure random sampling. WTP was elicited using the iterative bidding technique. Participants’ attitudes toward healthcare services provision were assessed through pre-defined statements. Test-retest reliability of these statements was assessed using intraclass correlation coefficients (ICC). Logistic regression was employed to identify sociodemographic factors’ effect on WTP intention. Differences among individuals’ attitudes were assessed using the chi-square test. All analyses were conducted using the IBM SPSS Software v.25.0. Analysis showed acceptable reliability for WTP estimates (ICC = .67) and good reliability for healthcare services assessment statements (ICC = .83-.94). Mean WTP was estimated at €439.8. Respondents with higher educational level and higher household income were more likely to be willing to pay for a health improvement. On the contrary, older participants were less likely to be willing to pay. Most participants who considered public healthcare services to be of high quality were unwilling to pay. Logistic regression analysis led to the development of an effective predictive model regarding factors affecting individuals’ WTP intention for a health improvement. Further classification of unwilling-to-pay individuals into protest responders and “true” zero valuators showed that protest responders are unlikely to be representative of the population. Hence, study results can be used for debiasing WTP responses, leading to a more accurate use of WTP estimates by policy makers, exploiting WTP values in medical interventions cost-benefit analysis within reimbursement decisions framework. SAGE Publications 2021-07-16 /pmc/articles/PMC8287344/ /pubmed/34271848 http://dx.doi.org/10.1177/00469580211028102 Text en © The Author(s) 2021 https://creativecommons.org/licenses/by-nc/4.0/This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access pages (https://us.sagepub.com/en-us/nam/open-access-at-sage).
spellingShingle Original Research
Mavrodi, Afentoula G.
Chatzopoulos, Stavros A.
Aletras, Vassilis H.
Examining Willingness-to-Pay and Zero Valuations for a Health Improvement with Logistic Regression
title Examining Willingness-to-Pay and Zero Valuations for a Health Improvement with Logistic Regression
title_full Examining Willingness-to-Pay and Zero Valuations for a Health Improvement with Logistic Regression
title_fullStr Examining Willingness-to-Pay and Zero Valuations for a Health Improvement with Logistic Regression
title_full_unstemmed Examining Willingness-to-Pay and Zero Valuations for a Health Improvement with Logistic Regression
title_short Examining Willingness-to-Pay and Zero Valuations for a Health Improvement with Logistic Regression
title_sort examining willingness-to-pay and zero valuations for a health improvement with logistic regression
topic Original Research
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8287344/
https://www.ncbi.nlm.nih.gov/pubmed/34271848
http://dx.doi.org/10.1177/00469580211028102
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