Koreans’ willingness to pay per quality-adjusted life year analyzed

An adult Korean is willingness to pay an average of 30.5 million won a year to extend his/her longevity for one year, a new study found.

The average outlay of one year’s life expectancy is 20.5 million won in mild disease, 30.7 million won in moderate disease, 40.8 million won in end-stage disease and 29.7 million won in immediate mortality, the National Evidence-based Healthcare Collaborati...