EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN: 9781337668279
Author: Henderson
Publisher: YUZU
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Question
Chapter 4, Problem 6QAP
To determine
The sense that makes the study of cost-of-illness a technique of evaluation in economics and the primary intention of doing such kind of a study.
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In what sense is a cost-of-illness study a technique of economic evaluation? In what sense is it not? What is the primary motivation for doing a cost-of-illness study?
How do economic evaluations in Healthcare inform policy and other decision makers
What are the differences and similarities between health economics and other forms of economic study?
Chapter 4 Solutions
EBK HEALTH ECONOMICS AND POLICY
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Similar questions
- Provide at least five determinants of health at an economic perspective and provide a brief explanation of each determinant.arrow_forwarddiscuss the dominant cost components of health care.arrow_forwardFinkelstein, et al. (2003) estimate the national medical spending attributable to being overweight and obese to be $92.6 billion. This is an example of: Group of answer choices a. Cost-of-illness study b. Cost minimization c. Cost-effectiveness analysis d. Cost-benefit analysis e. None of the above.arrow_forward
- Should clinicians attempt to redress injustices in the social determinants of health by prioritizing the disadvantaged when they enter the health care system?arrow_forwardSources of data for Market failure in health.arrow_forwardYou have been recruited as an expert in health economics to recommend what is the best therapy for a group of patients. In the image below you will find the decision tree showing the probabilities for different health states and outcomes for patients undergoing two possible treatments, No drug therapy and Drug therapy. Based on the expected cost, which therapy would you recommend as the least expensive? Explain how you arrived at your recommendation and show your calculations the space provided. No drug theraphy ? Drug theraphy ? HEALTH STATES PROBABILITIES Remain in Good Health 0.5 Develop disease A 0.2 Develop disease B 0.2 Die 0.1 Remain in Good Health 0.53 Develop disease A 0.16 Develop disease B 0.22 Die 0.09 OUTCOMES (Costs) $0 $400 $300 $200 SO $800 $500 $0arrow_forward
- Describe Grossman's Improvement Model of Health. How does Grossman reconcile health as both something in demand and something produced by individuals?arrow_forwardWith the use of relevant examples, critically examine four economic principles that are essential to the study of Health Economics.arrow_forwardWhat is the difference, if any, between “Pharmacoeconomics” and “Health Economics”? Explain how microeconomics and macroeconomics are relevant to this field of study and support your answer with plausible examples. Based on your answer, illustrate why studying Pharmacoeconomics has become inevitable and remarkably essential in healthcare provision nowadays.arrow_forward
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