Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The State is contemplating between six (6) different disease management programs for the purpose of selecting one or more such program(s) to reduce the burden

image text in transcribed
The State is contemplating between six (6) different disease management programs for the purpose of selecting one or more such program(s) to reduce the burden of cardio-metabolic disease (i9: adult onset diabetes) in its Medicaid population. Information on the estimated implementation costs of each program, along with an estimate of the effectiveness of each program, measured in terms of quality-adjusted life years gained (QALY's), was provided by each program's vendor under a sealed-bid agreement and represented in the following table: Disease Management QALY's Gained Cost(s) $25,000 $50,000 $1,000,000 $900,000 $2,500,000 $2,000,000 A. Calculate the cost-effectiveness ratio for each of the programs and rank-order them from most cost-effective to least cost-effective. B. If the state of has a budget of $2,000,000 to spend on one or more of these programs this scal year, which programs should be funded and why

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Statistics For Engineers And Scientists

Authors: William Navidi

4th Edition

73401331, 978-0073401331

Students also viewed these Economics questions