In what sense is a cost-of-illness study a technique of economic evaluation? In what sense is it not? What is the primary motivation for doing a cost-of-illness study?
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In what sense is a cost-of-illness study a technique of economic evaluation? In what sense is it not? What is the primary motivation for doing a cost-of-illness study?
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- Is it appropriate to evaluate a healthcare intervention using various methods of economic evaluation or should we choose one primary method that best fits the analysis?How do economic evaluations in Healthcare inform policy and other decision makersThe size of the uninsured and underinsured population in the United States has become an indication of the access problems in the US healthcare system.TrueFalse Health economics can be defined as An examination of factors that impact healthcare An explanation of theories, models and tools that can be applied to understand costs, access, and quality One way to understand how best to compare and contrast alternatives Help healthcare leaders understand the costs and consequences of options All of the above
- To test the parallel trends assumption, A. we check if Group A and Group B's average outcome follows a similar trend over multiple periods before Group A receives the treatment. B. we check if Group A and Group B's average outcome follows a similar trend after Group A receives the treatment. C. we check if Group A and Group B have the same average outcome before the treatment. D. Type or paste question hereHospital has the following treatment options to reduce the incidence of Ventilator-Associated Pneumonia: For Treatment X (status quo), it would cost 50,000 with 40 percent effectiveness, For Treatment Y, it would cost 100,000 with 85 percent effectiveness, For Treatment Z, it would cost 75,000 with 65 percent effectiveness, and For Treatment V, it would cost 80,000 with 68 percent effectiveness. Is there any treatment option that is not economically rational? Explain. If the hospital’swilling to pay is $1000, which treatment optionwould it choose? Explain With technical innovation, suppose Treatment V increased its effectiveness to 75 percent, would your answer to question (a) above change?Assume that people receiving intervention A live 5 years at quality of life of 0.8 and people receiving intervention B live 10 years at quality of life of 0.4. Assume further that the two intervention have equal costs. Compare the cost-effectiveness of these interventions relative to each other and discuss how that would be altered by inclusion of future costs for younger adults and older adults.
- The fact that most medical care purchases are financed through insurance: a. has no effect on health care consumption because aggregate costs are the same regardless of payment method. b. reduces the amount of health care consumed by raising the price of additional units of care. c.has decreased health care costs and therefore reduced aggregate health care expenditures. d. increases the amount of health care consumed by reducing the price of additional units of care.Hospital has the following treatment options to reduce the incidence of Ventilator-Associated Pneumonia: For Treatment X (status quo), it would cost 50,000 with 40 percent effectiveness, For Treatment Y, it would cost 100,000 with 85 percent effectiveness, For Treatment Z, it would cost 75,000 with 65 percent effectiveness, and For Treatment V, it would cost 80,000 with 68 percent effectiveness. a) Is there any treatment option that is not economically rational? Explain. b) If hospital’s willing to pay is $1000, which treatment option it would choose? Explain. c) With technical innovation, suppose Treatment V increased its effectiveness to 75 percent, would your answer to question (a) above change?How can the New York sick leave law impact the use of emergency rooms? Reference the Grossman model for guidance.
- discuss the dominant cost components of health care.Which one among these may not be a reason that is often cited as why physician service may not be explained by standard economic analysis? Group of answer choices 1.Individuals have little knowledge about the medical care needed when faced with a health problem. 2. Higher income people often pay higher fees in any geographic area. 3.Many physicians generally compete for patients. 4.Variability in physician’s fees within the same small geographic areas.Employer-provided private health insurance in the United States has resulted in: A. incentives that encourage the overuse of health care.B. incentives that discourage the use of health care, and overall poorer health.C. lower costs of health care as providers better achieve economies of scale.D. comprehensive coverage of the U.S. population, with few lacking access to adequate health care.
