Algorithms for converting descriptive measures of health status into quality-adjusted life year (QALY)—weights are now widely available, and their application in economic evaluation is increasingly commonplace. QALY, quality adjusted life year, is the purely economic cousin, which merely calculates the cost effectiveness of health interventions and although DALY and HALE can be used in a similar manner they primarily focus on wellbeing. To make more CEA data available in standardized metrics, particularly in the DALY, we aim to develop a convenient tool that can convert health outcomes expressed in non-DALY metrics (e.g. Using a regression-based approach, the estimates of the monetary value of a QALY in Germany range between €20,000 and €80,000, dependent on different assumptions. Problems and solutions in calculating quality-adjusted life years ... Converted DALY measures can then be used to compare cost-effectiveness ratios of interventions across different disease areas. 4.QALY measures the burden of death while DALY measures mortality and morbidity. )Maybe what you had in mind is their "moral weights" which they use to convert between life years and income.Like cole_haus points out below, ESM's results would . (1 Year of Life × 1 Utility Value = 1 QALY) If a person lives in perfect health but only for half a year, that person will have 0.5 QALYs. Problems and solutions in calculating quality-adjusted life years ... Does the Choice of Health Metric, DALY or QALY, Influence Conclusions ... a year of life at 100% of normal quality. June 1 (Reuters) - The Federal Reserve should get interest rates up to a level that no longer stimulates the economy as quickly as possible including 50-basis-point hikes at the central bank's next two meetings, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday. The disability-adjusted life year or DALY is a summary measure of population health widely used in disease burden assessment studies and cost-utility analyses (Murray and Lopez, 1996; Lopez et al., 2006).DALYs represent the incident number of healthy life years lost due to disease or disability, and do so by incorporating non-fatal and fatal health outcomes . This would be a QALY of 1. Calculation of costs and the Burden of Disease (BoD) is useful in developing resource allocation and prioritization strategies in public and environmental health. It was also developed more recently having a 20-year lapse since the invention of QALY. Quality-adjusted life year - Wikipedia QALYs can be used to inform health insurance .