Situation A: If a 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 . -What is the QALY?  If that person takes a new medicine (Medicine A) because of which his/her utility level increases to 0.8, -What will be the new QALY? Calculate the benefit of new medicine.

EBK HEALTH ECONOMICS AND POLICY
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ISBN:9781337668279
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Chapter5: Demand For Health And Medical Care
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Situation A: If a 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 .
-What is the QALY?

 If that person takes a new medicine (Medicine A) because of which his/her utility level increases to 0.8,

-What will be the new QALY? Calculate the benefit of new medicine.

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