Under intervention A, the status quo, 15% of 3-year-old children in the country of Granada die from Dengue and under intervention B, a new intervention only 10% of children in Granada die from Dengue. The life expectancy at three years in Dengue is 55 years. The cost of intervention A is $100 and the cost of intervention B is $185. What is the incremental cost-effectiveness ratio (ICER) comparing intervention B to intervention A expressed as a. cost per life-years b. cost per life-years saved

Under intervention A, the status quo, 15% of 3-year-old children in the country of Granada die from Dengue and under intervention B, a new intervention only 10% of children in Granada die from Dengue. The life expectancy at three years in Dengue is 55 years. The cost of intervention A is $100 and the cost of intervention B is $185. What is the incremental cost-effectiveness ratio (ICER) comparing intervention B to intervention A expressed as a. cost per life-years b. cost per life-years saved

EBK HEALTH ECONOMICS AND POLICY

7th Edition

ISBN:9781337668279

Author:Henderson

Publisher:Henderson

Chapter4: Economic Evaluation In Health Care

Section: Chapter Questions

Problem 3QAP

See similar textbooks

Similar questions

In what sense is a cost-of-illness study a technique of economic evaluation? In what sense is it not? What is the primary motivation for doing a cost-of-illness study?
When the outcomes are the same for all of the interventions being studied, then the economic analysis method that can be applied is: A. Cost-minimization analysis B. Cost-consequence analysis C. Cost-utility analysis D. Cost-effectiveness analysis
Consider two treatments. Treatment 1 saves one year of life at a cost of $10,000. Treatment 2 saves ten years of life at a cost of $1,000,000. Which treatment is more cost-effective? Why?
Ten years ago, the town of Easton decided to increase its annual spending on education so that its high school graduates would be able to earn higher wages. Now Easton has asked you to evaluate the effectiveness of the spending increase. Their data show that before the spending increase, the average annual salary of recent high school graduates was $25,000 and that now that average salary has risen to $28,500. Fortunately for your analysis, a neighboring community (Allentown) did not change its annual spending on education. Ten years ago, recent Allentown high school graduates earned an average of $22,500, and now that average is $23,750. (a) Use a difference-in-differences estimator to determine whether Easton’s spending increase caused the wages of their high school graduates to increase. (b) What underlying assumption do you have to make in order for your estimate to be valid? What might cause your underlying assumption to be invalid? (c) This data set contains only two…
Assume that people receiving intervention A live 5 years at quality of life of 0.8 and people receiving intervention B live 10 years at quality of life of 0.4. Assume further that the two intervention have equal costs. Compare the cost-effectiveness of these interventions relative to each other and discuss how that would be altered by inclusion of future costs for younger adults and older adults.
You have been recruited as an expert in health economics to recommend what is the best therapy for a group of patients. In the image below you will find the decision tree showing the probabilities for different health states and outcomes for patients undergoing two possible treatments, No drug therapy and Drug therapy. Based on the expected cost, which therapy would you recommend as the least expensive? Explain how you arrived at your recommendation and show your calculations the space provided. No drug theraphy ? Drug theraphy ? HEALTH STATES PROBABILITIES Remain in Good Health 0.5 Develop disease A 0.2 Develop disease B 0.2 Die 0.1 Remain in Good Health 0.53 Develop disease A 0.16 Develop disease B 0.22 Die 0.09 OUTCOMES (Costs) $0 $400 $300 $200 SO $800 $500 $0
Analyse TWO measures that have been taken by the Government of Malaysia to support the affected economic sectors due to the pandemic.
Consider two treatments. Treatment 1 saves six years of quality adjusted life at a cost of $90,000. Treatment 2 saves three years of quality adjusted life at a cost of $60,000. Which treatment is preferred from a cost utility analysis perspective?
Which option is the most effective for companies and employees: a standard fee-for-services health care insurance option or a high-deductible health insurance plan.
How do economic evaluations in Healthcare inform policy and other decision makers
There are many ways to define and measure the benefits and costs that go into the GPI. How do you think a person with a biocentric worldview would measure these differently from a person with an anthropocentric worldview? Whose GPI for the year 2005 would likely be higher?
The ongoing COVID-19 pandemic has disrupted both the education and health system in most, if not all, nations in the world. The scarring effects of the pandemic are predicted to be long-lasting, some of which are the fear of learning-loss and lower future earnings for the current students. Provide evidence(s) that support and/or contradict this statement! If such scarring is expected to occur, would the scarring effects would be worse for the developing countries than the developed ones, and whether the effects would be worse for certain groups such as the poor, women, children, etc.!