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COST ANALYSIS PLAN AND CAREGIVERS’ WILLINGNESS TO PAY FOR COPE-CT: INTERIM FINDINGS
Journal article   Open access   Peer reviewed

COST ANALYSIS PLAN AND CAREGIVERS’ WILLINGNESS TO PAY FOR COPE-CT: INTERIM FINDINGS

L. Pizzi, E. Jutkowitz, K. Prioli, L.N. Gitlin and R.H. Fortinsky
Innovation in aging, v 1(Suppl 1), pp 96-96
30 Jun 2017
DOI: https://doi.org/10.1093/geroni/igx004.397
url
https://academic.oup.com/innovateage/article-pdf/1/suppl_1/96/26082395/igx004.397.pdfView
Published, Version of Record (VoR) Open
url
https://doi.org/10.1093/geroni/igx004.397View
Published, Version of Record (VoR) Open

Abstract

Abstracts
To inform a net financial benefit analysis of COPE-CT from the Medicaid perspective, a variable map was developed which included relevant costs and willingness-to-pay (WTP) for the program. WTP for non-pharmacological behavioral programs is critical to translation because it indicates the monetary value caregivers place on these services. 85 participating caregivers were read a brief description of COPE-CT at baseline and asked to estimate their per session WTP using a contingent valuation method. Results were grouped by WTP thresholds. WTP/session ranged from $0 to $200. 21 CG (24.7%) were unwilling to pay for this program, 17(20%) willing to pay $10–25/session, 21(24.7%) willing to pay $50–75/session, 19(22.4%) willing to pay $100–125/session, and 7(8.2%) willing to pay $150–200/session. The variable map will also be presented as a tool to explain how we will create the specific direct and indirect cost measures that will be used in the economic analysis for the COPE-CT study.

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