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Review: risks and benefits of HRT comparing various sources of evidence
  1. Graham Colditz, MD
  1. Channing Laboratory
 Boston, Massachusetts, USA

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 QUESTION: What are the benefits and harms of hormone replacement therapy (HRT) for primary prevention of cardiovascular disease, thromboembolism, osteoporosis, cancer, dementia, and cholecystitis?

    Data sources

    Studies were identified by searching Medline (1966–2001), HealthSTAR (1975–2001), and the Cochrane Controlled Trials Register; reviewing bibliographies of relevant studies, reviews, and editorials; and contacting experts.

    Study selection

    Studies were selected if they included a comparison group of HRT non-users and reported data relating to HRT use and clinical outcomes of interest. Studies were excluded if the sample was selected according to previous events or conditions associated with higher risks of targeted outcomes.

    Data extraction

    Data were extracted on study design and type of HRT (unopposed oestrogen or oestrogen plus progestin). 2 reviewers independently assessed study quality as good, fair, or poor using the US Preventive Services Task Force criteria.

    Main results

    The findings of the meta-analyses (relative risks) for some outcome categories are summarised in the table with corresponding hazard ratios from the recent Women’s Health Initiative (WHI). The results of the meta-analysis showed that HRT reduced the risk of wrist fractures, vertebral fractures, colon cancer, and dementia, and increased the risk of stroke, thromboembolic events, breast cancer, and cholecystitis (table). Findings for some of these outcomes were available from the WHI randomised controlled trial and differed (in terms of statistical significance when using adjusted results for secondary outcomes) for vertebral fractures, colon cancer, coronary heart disease events, and stroke (table).

    Risks associated with ever use of HRT from Nelson et al and from the Women’s Health Initiative [WHI])*


    Results of this meta-analysis of primarily observational studies and those of a large randomised controlled trial (Women’s Health Initiative [WHI]) both show that hormone replacement therapy (HRT) increases risk of thromboembolic events. The meta-analysis shows no effect of HRT on coronary heart disease events, whereas the WHI found an increased risk.


    The 2 meta-analyses by Humphrey et al and Nelson et al, and much of the medical literature, do not clearly define postmenopausal HRT. Although authors often claim that many observational studies show the benefits of HRT on CAD risk, the data almost completely relate to unopposed oestrogen.1 Few epidemiological studies have evaluated oestrogen plus progestin administered as continuous combined therapy. A limited number of studies were included in the meta-analyses by Humphrey et al and Nelson et al, and the included studies sometimes failed to specify type of HRT. Studies published in the 1980s and earlier probably refer to unopposed oestrogen therapy.

    The lack of specificity in type of HRT is problematic because of the potential for different effects of oestrogen alone and oestrogen plus progestin. It is important to note that the meta-analyses used a common protocol to apply standard criteria for quality2 and included only studies of higher quality. For studies assessing CAD outcomes, the authors identified a relation between poorer quality studies and greater protection against CAD.

    Changing patterns of use (oestrogen alone replaced by combined oestrogen plus progestin) and indications for use (eg, starting women on treatment before menopause to reduce bone loss) may account, in part, for differences in results. Also, acute effects of combined treatment (eg, the prothrombotic and proinflammatory effects of progestins) may be missed in prospective studies because of lack of attention to early events and follow up.

    Data from both epidemiological studies and RCTs of HRT consistently show other thrombotic effects, such as stroke and pulmonary embolus. This argues, at least in part, against a bias related to this pathway in the observational studies. Although socioeconomic status (SES) appears as one other important variable in this analysis, the authors note that the range of cardiovascular risk factors controlled for in observational studies also varied substantially. The authors, however, did not point out that studies that controlled for SES observed similar results before and after such control, which suggests that this is not an explanation for the discrepancy between RCT and observational study results. Is confounding by indication changing over time concurrent with changing patterns of drug combination? Is SES merely a marker for more recent studies that evaluate oestrogen plus progestin? Alternatively, is the timing of exposure in relation to menopause the explanatory factor? Animal studies suggest that oestrogens have beneficial effects in the early stages of atherogenesis, but reduced beneficial effects in the final stages of plaque complications.3

    How can drug formulation change over time and most associations observed in epidemiological studies (ie, breast cancer, pulmonary embolus, stroke, colon cancer, cholecystitis, and osteoporotic fracture) be consistent, and yet CAD outcomes diverge? Consistent evidence across the RCTs argues against chance.

    The consistency between non-RCTs and RCTs for non-cardiac outcomes is reassuring and supports other evaluations of the contribution of different study designs to evaluation of medical therapies.4–7 Such studies comparing designs may be limited in power, but on average, well designed observational studies show a similar magnitude of estimated benefits as RCTs. We should not focus solely on study design but must also consider the formulation and timing of use of postmenopausal HRT that is being evaluated.


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    • For correspondence: Dr H D Nelson, Oregon Health and Science University, Portland, OR, USA. nelsonh{at}

    • Abstract and commentary also appear in ACP Journal Club.

    • Sources of funding: Agency for Healthcare Research and Quality and Portland Veterans Affairs Medical Center Women’s Health Fellowship.