What is quality-adjusted life year?

What is a quality-adjusted life year and why is this relevant to medicine?  Quality-adjusted life year or QALY represents one year of perfect health, so a person’s QALY expectancy is calculated based on the amount of life they have left and the expected condition they will be in during that time.  Although no regulatory agencies have adopted the metric in any official capacity, some insurers are embracing it in negotiations with pharmaceutical companies over drug prices. Read article here…

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