Quiz
Pharmacoeconomics
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Questions in this quiz (6)
1In health care there is a scarcity of resources that requires we ration them.
- ATrue
- BFalse
2Opportunity cost is the idea that by doing one thing we lose the [blank_start]opportunity[blank_end] of doing something else. The opportunity 'cost' is the [blank_start]benefit[blank_end] that we would have got from the next best [blank_start]alternative[blank_end] use, that we miss out on. We aim to identify the (health) benefit that could have been gained from the best available alternative.
- Aopportunity
- Bbenefit
- Calternative
3Health care cannot be considered a commodity as there is not demand for health (and health care is a way of generating health).
- ATrue
- BFalse
4Economic evaluation is an [blank_start]organized[blank_end] consideration of the [blank_start]factors[blank_end] involved in a decision to commit [blank_start]resources[blank_end] to one use instead of another. Economic evaluation will create an [blank_start]estimate[blank_end].
A Cost-Effectiveness Analysis gives estimates of the:
Extra cost (i.e. ∆C > 0)
Extra effect (i.e. ∆E > 0)
Extra cost for one more unit of effect (i.e. is [blank_start]∆C / ∆E[blank_end] big?)- Aorganized
- Bfactors
- Cresources
- Destimate
- E∆C / ∆E
5The language of trade-offs:
1. [blank_start]Plain language[blank_end] (we can spend more money to live longer). The extra benefit’s extra cost (extra cost per extra benefit)
2. [blank_start]Math[blank_end] (eg new treatment costs an extra $30,000 and gives an extra year of life). Difference in cost / Difference in effectiveness. (30,000/1=30,000)
3. [blank_start]Economics[blank_end] (just jargon). Incremental cost effectiveness ratio (ICER) = ΔC/ΔE. The same calculation as in math, but we like the word “incremental".
4. [blank_start]Graph[blank_end]. We can plot the ICER on the cost-effectiveness plane.- APlain language
- BMath
- CEconomics
- DGraph
6[blank_start]Cost-Utilit[blank_end]y Analysis eg the QALY assesses two outcomes, [blank_start]quality of life and life years[blank_end]. Quality, ie QoL is usually scored with ‘perfect health’ = [blank_start]1[blank_end] and death = [blank_start]0[blank_end]. If a treatment gives 10 extra years of life at a quality of 0.5, the [blank_start]QALY[blank_end] is 10*0.5 = 5.
- ACost-Utilit
- Bquality of life and life years
- C1
- D0
- EQALY
Information
- Description
- User has deleted their subject information Quiz on Pharmacoeconomics, created by Deleted user on 09/10/2019.
- Author
- Deleted user
- Language
- English
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- History
- Created on 9 Oct 2019 · updated on 9 Oct 2019
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