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- Suppose Jay has been experiencing back pain and that there are two options for back pain:
Treatment Regimen Total Cost Pain Reduction Do nothing $0 0 units Cortisone injections $600 30 units - Calculate the ICER between cortisone injections and doing nothing.
- Jay says he is willing to pay $10 for a per unit of pain reduction. Should he choose cortisone injections?
- Another treatment is discovered. It costs $700 and reduces pain by 25 units. Should he choose the new treatment?
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- Suppose Jay has been experiencing back pain and that there are two options for back pain: Treatment Regimen Total Cost Pain Reduction Do nothing $0 0 units Cortisone injections $600 30 units Another treatment is discovered. It costs $700 and reduces pain by 25 units. Should he choose the new treatment?Suppose Jay has been experiencing back pain and that there are two options for back pain: Treatment Regimen Total Cost Pain Reduction Do nothing $0 0 units Cortisone injections $600 30 units Calculate the ICER between cortisone injections and doing nothing.Need alternate and original answer with no AI used
- Q) In a standard economic analysis, setting a higher copayment rate per day of hospital care 1) Has the beneficial effect of discouraging unnecessarily long stays 2) Has the harmful effect of subjecting the consumer to more financial risk 3) Shifts some of the costs of care from the insurance premium to out-of-pocket payments 4) All of the above Solve it early I upvote choose option correctly[A] Suppose that a drug company has developed an ointment that can be used to treat sores and reduce scarring. Surveys indicated that the ointment, which costs $10,000 for a full course of treatment, can improve the quality of life from 0.6 to 0.7 for patients with this problem. Assume that this population has a life expectancy of 70 years. No need to worry about discounting. 1. What is the Incremental Cost-Utility Ratio (ICUR) for taking the ointment over doing nothing for a typical 20-year-old patient? [Hint: This patient has only 50 years of life remaining.] 2. If the cost-effectiveness threshold is $5,000 per QALYS, will the 20-year-old patient choose to get the ointment? What about a 60-year-old patient? [B] Is it appropriate to evaluate a healthcare intervention using various methods of economic evaluation as discussed in this course, or should we choose one primary method that best fits the analysis?A salesperson can put in regular effort (resulting in a 50% chance of sale) or higher effort (75% chance of sale). If high effort costs the salesperson $25 more than regular effort, how large a per sale bonus is required to encourage high effort?
- The HR department is trying to fill a vacantposition for a job with a small talent pool. Validapplications arrive every week or so, and theapplicants all seem to bring different levels ofexpertise. For each applicant, the HR managergathers information by trying to verify variousclaims on resumes, but some doubt about fitalways lingers when a decision to hire or not isto be made. What are the Type I and II decision error costs? Which decision error is more likely tobe discovered by the CEO? How does this affectthe HR manager’s hiring decisions?What is the true cost of going to the doctor? options: The amount you pay minus the amount your insurance covers (i.e. the amount you pay out of pocket) The amount you pay out of pocket, plus the worth of the time you lose while waiting, plus the travel cost, plus the increased risk of being infected with Covid-19 while at the doctor's office There is no cost if your insurance is good enough. The amount you payDont copy new answers
- Please see attachment and solve it urgently and correctly with step by step explanation . Will definitely give multiple upvotes if you solve within 30/40 minutes . Thank youWhat is the true cost of going to the doctor? Question 7 options: The amount you pay minus the amount your insurance covers (i.e. the amount you pay out of pocket) The amount you pay There is no cost if your insurance is good enough. The amount you pay out of pocket, plus the worth of the time you lose while waiting, plus the travel cost, plus the increased risk of being infected with Covid-19 while at the doctor's officeA person lives for 3 years with a disease and the current standard of care for that disease means he/she lives with a utility level of 0.7 . If that person takes a new medicine (Medicine A) because of which his/her utility level increases to 0.8, If another new medicine (Medicine B) prolongs the patient’s life by 2 years, at a utility level of 0.7,-Calculate the new QALY
