More info Flashcards
Cost effectiveness can only do one outcome at time
A Cost minimization analysis is done on the same drugs with similar effectiveness
_________ gets at how much bang for the buck we are get from a treatment or therapy. How much it costs over how effective it is
Cost-effectiveness
Standard gamble
Imagine you have a seizure disorder, once a month you have a seizure and you can’t drive or participate any activities you get a full life but just a moderate seizure now and again. Now they have a new treatment and it cures your seizures and you have perfect but the treatment is RISK and some people can die
its a 50% of killing and 50% of curing.
75% health and 25% killing you would you take the treatment
88% chance and 12% of killing you would you take the treatment?
Standard gamble
Your 42 and 40 years left to live and a new treatment and you will be restored to perfect but it shortens your life.
Time Trade Off
Time trade off operating with years of life in exchange for perfect health
