The National Institute of Health and Clinical Excellence (NICE), the United Kingdom's independent organisation responsible for providing guidance on health promotion and treatment of ill health, has confirmed that it is undertaking a study of how value is accounted for when assessing new health technologies. In a NICE press release Sir Mike Rawlins, the Chairman explained, "understanding the value, to patients, of new health technologies is central to the work that NICE does in advising health professionals, patients and the wider public on the best approach to improving the quality and consistency of care provided by the NHS." This study will be led by Professor Sir Ian Kennedy, emeritus professor of health law, ethics and policy at University College London.

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