The American Journal of Medicine
Volume 122, Issue 1 , Pages 42-52.e2, January 2009

The Cost-effectiveness of Hormone Therapy in Younger and Older Postmenopausal Women

  • Shelley R. Salpeter, MD

      Affiliations

    • Department of Medicine, Santa Clara Valley Medical Center, San Jose, Calif
    • Department of Medicine, Stanford University School of Medicine, Stanford, Calif
    • Corresponding Author InformationRequests for reprints should be addressed to Shelley R. Salpeter, MD, Department of Medicine, Santa Clara Valley Medical Center, 751 S. Bascom Ave., San Jose, CA 95128
  • ,
  • Nicholas S. Buckley

      Affiliations

    • Undergraduate Program, California Institute of Technology, Pasadena
  • ,
  • Hau Liu, MD, MBA

      Affiliations

    • Department of Medicine, Santa Clara Valley Medical Center, San Jose, Calif
    • Department of Medicine, Stanford University School of Medicine, Stanford, Calif
  • ,
  • Edwin E. Salpeter, PhD

      Affiliations

    • Astronomy Department, Cornell University, Ithaca, NY

Abstract 

Purpose

To evaluate the health and economic outcomes of hormone therapy in younger and older postmenopausal women.

Methods

We developed a cost-effectiveness model to evaluate outcomes associated with hormone therapy in younger and older postmenopausal women, using data sources from published literature through March 2008. The target population was 50-year-old and 65-year-old women given hormone therapy or no therapy, and then followed over their lifetime. Primary outcomes measured were quality-adjusted life-years (QALYs) and incremental cost per QALY gained.

Results

For the base-case analysis, hormone therapy for 15 years in the younger cohort resulted in a gain of 1.49 QALYs with an incremental cost of $2438 per QALY gained, compared with no therapy. The results for younger women were robust to all sensitivity analyses, and treatment remained highly cost-effective (<$10,000 per QALY gained) within the range of individual assumptions used. Treatment durations of 5 years and 30 years also were highly cost-effective. In the older cohort, treatment for 15 years resulted in a net gain of 0.11 QALYs with a cost of $27,953 per QALY gained. However, a loss of QALYs was seen in the first 9 years. The results for older women were sensitive to many of the assumptions used.

Conclusions

Hormone therapy for 5 to 30 years in younger postmenopausal women increases quality-adjusted life-years and is cost-effective. Hormone therapy started in later years results in a loss of quality-adjusted life for several years before a net gain can be realized.

Keywords: Cost-effectiveness, Decision analysis, Hormone therapy, Menopause

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 Funding: Funding source was salary support for S. Salpeter and H. Liu from Santa Clara Valley Medical Center and a Cornell Podell Emeriti Award for E. Salpeter. The institutions had no role in the design, conduct, or reporting of the study. No sponsorship from the pharmaceutical industry was provided to conduct this analysis.

 Conflict of Interest: Dr. Salpeter consulted with law firms representing Wyeth Pharmaceuticals and was paid on an hourly basis.

PII: S0002-9343(08)00953-4

doi:10.1016/j.amjmed.2008.07.026

The American Journal of Medicine
Volume 122, Issue 1 , Pages 42-52.e2, January 2009