8. Given F = 0.8, and the discount rate of 4%, for all 4 years solve for the QALY given: year 19 = 0.6 year 2q = 0.6 year 3 q=0.7 year 4 q = 0.8 discount of 4% will equal to (1/(1.04)y year 1 = 0.96 year 2 = 0.92 year 3 = 0.89 year 4 = 0.86 Solve for the QALY for all 4 years: (note round it off to an integer) O1 02 04 03 Treatment B costs $6,000 with a mortality rate of 6% Treatment C costs $3,000 with a mortality rate of 9% What is the ICER for moving from treatment C to B? O 3% 0 - $100,000 O + $100,000 0 -3% 90 year old Dottie has terminal cancer. When interviewed she said she will fight to stay alive given that an experimental drug that may treat her situation and extend her life further is in the tailend of phase 3 at the FDA. Doctors and researchers are also interested in how effective this treatment could be. This investment of medical resources and interest on the elderly can be classified under O low opportunity cost O high social value O hope O QALY 11. On a CEF graph, how can we determine the best treatment? (a way of applying Cost-Benefit Analysis to CEA at least graphically) O through indifference curves and the best choice is the Treatment choice that intersects an indifference curve O never possible at the point where the treatment cost = QALY O through indifference curves and the best choice is where an indifference curve is tangent to the CEF