QuestionSBA
QuestionChoice
‘Analysis used to compare the benefits of a decision versus the costs of the same decision’ describes a cost-benefit analysis.
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b
Method used to compare the benefits of a decision versus the costs of the same decision
QuestionChoice
‘The ratio of total costs to total benefits of an intervention’ describes a cost-benefit ratio.
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c
The ratio of total costs to total benefits of an intervention
QuestionChoice
‘Method used to compare the costs and effects of alternative interventions’ describes a cost-utility analysis.
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e
Method used to compare the costs and effects of alternative interventions
QuestionChoice
‘The net cost divided by the changes in health outcomes’ describes a cost-effectiveness ratio.
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d
The net cost divided by the changes in health outcomes
QuestionChoice
This is the correct description of a cost-effective analysis. Cost-effective analyses are used to compare 2 or more interventions to determine how much it costs for each intervention to gain 1 unit of a health outcome. For example, a cancer screening programme might cost an extra £1000 per life saved compared to treating patients once they develop symptoms. It is up to institutions such as hospitals and the government to decide whether this cost is acceptable.
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a
Method used to assess the health and cost impacts of an intervention
Concept
Chapter
2693
4161
Health Economics
Topic
184
Ethics and Law
13232
Which of the following is the correct definition of a cost-effective analysis?
a