Question
1. Granted: Cost Efficiency Existing Treatment $100,000 4 life years earned New Treatment $250,000 10 life years earned & the health-benefit index is 0.5 for
1. Granted: Cost Efficiency Existing Treatment $100,000 4 life years earned New Treatment $250,000 10 life years earned & the health-benefit index is 0.5 for current treatment and 0.8 for new treatment,
a. Calculate the Incremental Cost-Effective Ratio (ICER) for existing and new treatment b. Calculate the number of QALYs for current and new treatment.
B. Calculate the cost-benefit index for the new treatment.
C. Should new treatment be adopted?
D. Why?
Step by Step Solution
3.53 Rating (150 Votes )
There are 3 Steps involved in it
Step: 1
a The incremental costeffective ratio ICER can be calculated as the difference in cost between the n...
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
An Introduction To Statistical Methods And Data Analysis
Authors: R. Lyman Ott, Micheal T. Longnecker
7th Edition
1305269470, 978-1305465527, 1305465520, 978-1305269477
