The opioid addiction crisis and its sequelae represent one of the worst problems to surface in the US in many years, with tens of thousands dying and billions of dollars in estimated costs each year across many domains, from employment to health care to criminal justice and beyond. Some say the problem is so large and growing so fast, we need a multi-disciplinary "all hands on deck" approach to addressing it, with the oft-suggested remedies centered around treatment and prevention. Though economics cannot cure addiction or save the life of someone who has recently overdosed on some substance or other, which of the following can and should health economists do to help? Evaluate the costs of doing nothing, i.e., the status quo, to show policy makers the scale of the resources we are implicitly devoting to unsuccessful strategy today, and thus to justify re-directing resources to more effective purposes Ob. Evaluate the cost-effectiveness of alternative treatment modalities to determine which ones dominate others, i.e., have the greatest ICER Oc. Explain externalities to all who will listen so law enforcement, hospitals, and schools all understand their self-interest in working together Od. All of the above e. None of the above
The opioid addiction crisis and its sequelae represent one of the worst problems to surface in the US in many years, with tens of thousands dying and billions of dollars in estimated costs each year across many domains, from employment to health care to criminal justice and beyond. Some say the problem is so large and growing so fast, we need a multi-disciplinary "all hands on deck" approach to addressing it, with the oft-suggested remedies centered around treatment and prevention. Though economics cannot cure addiction or save the life of someone who has recently overdosed on some substance or other, which of the following can and should health economists do to help? Evaluate the costs of doing nothing, i.e., the status quo, to show policy makers the scale of the resources we are implicitly devoting to unsuccessful strategy today, and thus to justify re-directing resources to more effective purposes Ob. Evaluate the cost-effectiveness of alternative treatment modalities to determine which ones dominate others, i.e., have the greatest ICER Oc. Explain externalities to all who will listen so law enforcement, hospitals, and schools all understand their self-interest in working together Od. All of the above e. None of the above
Chapter1: Making Economics Decisions
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Transcribed Image Text:The opioid addiction crisis and its sequelae represent one of the worst problems to surface in the US in many years, with tens of thousands dying and
billions of dollars in estimated costs each year across many domains, from employment to health care to criminal justice and beyond. Some say the
problem is so large and growing so fast, we need a multi-disciplinary "all hands on deck" approach to addressing it, with the oft-suggested remedies
centered around treatment and prevention. Though economics cannot cure addiction or save the life of someone who has recently overdosed on some
substance or other, which of the following can and should health economists do to help?
Evaluate the costs of doing nothing, i.e., the status quo, to show policy makers the scale of the resources we are implicitly devoting to unsuccessful
strategy today, and thus to justify re-directing resources to more effective purposes
Ob. Evaluate the cost-effectiveness of alternative treatment modalities to determine which ones dominate others, i.e., have the greatest ICER
Oc. Explain externalities to all who will listen so law enforcement, hospitals, and schools all understand their self-interest in working together
Od. All of the above
e. None of the above
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