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The politics of valuation and payment for regenerative medicine products in the UK

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journal contribution
posted on 2023-06-09, 14:12 authored by Alex Faulkner, Aurelie Mahalatchimy
The field of regenerative medicine (RM) faces many challenges, including funding. Framing the analysis in terms of institutional politics, valuation studies and ‘technologies of knowledge’, the paper highlights growing debates about payment for RM in the UK, setting this alongside escalating policy debates about ‘value’. We draw on interviews and publicly available material to identify the interacting and conflicting positions of institutional stakeholders. It is concluded that while there is some common ground between institutional stakeholders such as industry and health system gatekeepers, there is significant conflict about reward systems, technology assessment methodologies and payment scenarios; a range of mostly conditional payment schemes and non-mainstream routes are being experimented with. We argue that current developments highlight a fundamental conflict between a concern for the societal value of medical technologies in a resource-limited system and a concern for engineering new reward and payment models to accommodate RM innovations.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

New Genetics and Society

ISSN

1463-6778

Publisher

Taylor & Francis

Issue

3

Volume

37

Page range

227-247

Department affiliated with

  • International Relations Publications

Research groups affiliated with

  • Centre for Global Health Policy Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2018-07-18

First Open Access (FOA) Date

2019-07-10

First Compliant Deposit (FCD) Date

2018-07-18

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