Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Introduction The following tablegives the cost, increase in life years, and the rating of quality of life for four different treatments. Treatment Cost Increase in

Introduction

The following tablegives the cost, increase in life years, and the rating of quality of life for four different treatments.

Treatment Cost Increase in Life Years Rating of Quality of Life QALY Cost:QALY
A 4,600 16 0.16
B 8,600 18 0.22
C 12,600 22 0.28
D 10,000 20 0.25

Instructions

  1. Calculate the QALY for each treatment.
  2. Interpret the QALY calculated for each treatment.
  3. Calculate the Cost:QALY ratio for each treatment.
  4. Interpret each ratio.
  5. Based on QALY only, which treatment would be most effective?
  6. Based on Cost:QALY, which treatment would be most effective?

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

How China Became Capitalist

Authors: Ronald Coase, Ning Wang

1st Edition

1137351438, 9781137351432

More Books

Students also viewed these Economics questions

Question

How is backup of database files accomplished?

Answered: 1 week ago