Economics  Cost benefit analysis
posted by Hung .
Imagine that there are two cohorts of 100 patients each. One group got the flu vaccine and other group did not.
Outcomes
Vaccine Group Outcomes = 90 patients without the flu
NoVaccine Group Outcomes = 50 without the flu
Costs
Vaccine Group Costs = $100 per vaccination; $200 healthcare costs per case of flu
NoVaccine Group Cost = $200 health care costs per case of flu
Calculate the average cost of the alternative vaccine.
I said $120
Calculate the average cost of the alternative novaccine:
I said $100
According to the results of the evaluation, the average cost of vaccine is higher than the average cost of novaccine.
I said true
Estimate the costeffectiveness ratio (C/E) of the alternative vaccine:
I don't know how to do this??
a. $40
b. $200
c. $400
d. None of the above
Estimate the costeffectiveness ratio (C/E) of the alternative novaccine:
I don't know this one either
a. $40
b. $200
c. $400
d. None of the above
Estimate the incremental costeffectiveness of novaccine vs. vaccine
a. $50
b. $300
c. $700
d. None of the above
According to the results of the evaluation we can affirm that the novaccine alternative would save money in comparison with the vaccine alternative:
Question 7 answers
a. True
b. False
According to the results of the evaluation we can affirm that the vaccine alternative would save money in comparison with the novaccine alternative:
a. True
b. False
According to the results of the evaluation we can affirm that the vaccine alternative has better outcomes:
a. True
b. False
Given the information available in this evaluation, if the cost of vaccine and novaccine were the same, the costeffectiveness of both alternatives would be the same:
Question 10 answers
a. True
b. False
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