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- Indicate whether each statement is true or false, and justify your answer.The cost-effectiveness frontier (CEF) shows the subset of treatment strategies which are not dominated by any other treatment.Indicate whether each statement is true or false, and justify your answer.Both ICERs and ACERs compare two drugs on the basis of both cost and medical efficacy.Indicate whether the statement is true or false, and justify your answer.Disproportionate spending on end-of-life care is never clinically justifiable.
- 1. True or False (Justify your answer briefly) (a) Potential outcomes are never observed. (b) Let Y0i and Y1i be the two potential outcomes from a binary treatment. The causal effect of the treatment on the outcome for observation i is Y1i − Y0i. (c) If we assume the individual treatment effect τi = Y1i − Y0i is the same across i, then τi can be estimated. (d) Random assignment is the same as random sampling. (e) Sampling bias is the same as selection bias. (f) If treatment is randomly assigned, then treatment is independent of the outcome.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?Indicate whether each statement is true or false, and justify your answer.An ICER value indicates which of two treatment options is better.
- 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 hereCompare and contrast two quantitative tools for decision-making in conditions of certaintyIndicate whether each statement is true or false, and justify your answer.Medical experts are ideal candidates for providing estimates of the quality weights associated with various health states.
- Indicate whether the statement is true or false, and justify your answer.Barriers to care erected by managed care organizations, such as requiring patients to visit gatekeeper physicians prior to seeking specialist care, can increase consumer welfare.Indicate whether each statement is true or false, and justify your answer.Cost–benefit analysis (CBA) allows us to pick an optimal treatment from the list of potentially cost-effective treatments.Indicate whether the statement is true or false, and justify your answer.In a typical Beveridge system, patients are able to enter queues to see specialists automatically.