For information, the JCVI use a monetary value for each year of healthy quality life.
QALY stands for Quality-Adjusted Life Year.
It’s a way of combining both:
How long someone lives, and
How good their health is during that time.
Each year of life is given a quality score between 0 and 1:
1.0 = perfect health
0.5 = health rated as “half as good” as perfect (e.g., serious illness)
0 = death
So:
Living 1 year in perfect health = 1 QALY
Living 2 years at 0.5 quality = 1 QALY
Living 5 years at 0.8 quality = 4 QALYs
It’s a standard metric used in healthcare economics to compare the health benefit of different treatments or policies.
That means:
If a treatment costs £10,000 and provides 1 QALY, → £10,000 per QALY → cost-effective.
If it costs £100,000 for 1 QALY, → £100,000 per QALY → not cost-effective.
There’s some flexibility:
Below £20k/QALY → usually recommended.
Between £20k–£30k/QALY → considered carefully.
Above £30k/QALY → rarely approved unless strong justification (e.g., very severe disease, children, end-of-life).
So the bottom line is a year of your health is worth circa £20K to our caring government.