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Using the Simple Model on the QALY spreadsheet, calculate the cost per QALY for the following hypothetical scenario: Women have an average life expectancy of

Using the Simple Model on the QALY spreadsheet, calculate the cost per QALY for the following hypothetical scenario: Women have an average life expectancy of 86 years. Their average QALY percentage is 99% when they are healthy. The prevalence of Alzheimer's Disease is 1.6% and it shortens a woman's life expectancy by 4 years...those with Alzheimer's Disease have a QALY of 70%. A new treatment is effective at curing symptoms in 60 out of 100 of patients. 15% of women who did not take the treatment, developed Alzheimer's Disease. The new treatment is priced at $5,000 per treatment and requires two treatments. The hospital charges $1,000 for each procedure to administer the treatment. And, a lab test must be run after each treatment to confirm blood levels, that lab test costs $250 each time

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