Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a) Conduct a CEA for the three conditions represented in the table below. Each condition has six potential treatment options. You must identify any dominated

image text in transcribed
a) Conduct a CEA for the three conditions represented in the table below. Each condition has six potential treatment options. You must identify any dominated options and calculate the ICERs associated with each of the non-dominated options. Please put your answers in the table. b) Assume you are a manager within a nationalized healthcare system like the British NHS, and your system is willing-to-pay up to $60,000 to produce an additional QALY. What treatment choice is "optimal" for each condition? c) Assume the system can expect to treat 100 patients with Condition 1, 100 patients with Condition 2, and 200 patient with Condition 3 each year. What is the expected annual budget needed to finance the "optimal" treatments (identified above) to patients with these three conditions? d) How much larger would the annual budget need to be to treat these three conditions if your system decided to increase its WTP-for-QALYs from $60,000 to $70,000? What if your system increased its WTP-for-QALYs to $80,000? Treatment Cost QALYs Dominated? ICER ($1000s) ($1000s) Panel A: Treatment Options for Condition I A 0 0 B 20 6 C 40 7 D 60 9 E 80 9.5 120 9.8 Panel B: Treatment Options for Condition 2 G 0 0 H 15 1 25 2 35 2 K 58 2.5 150 3 Panel C: Treatment Options for Condition 3 M 0 0 N 10 2 40 3 70 3.1 75 3.3 R 100 3.8

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Principles Applications And Tools

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

7th Edition

978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234

More Books

Students also viewed these Economics questions

Question

305 mg of C6H12O6 in 55.2 mL of solution whats the molarity

Answered: 1 week ago