Chapter 10 Pharmacoeconomics

Question 1

4 “costs” of pharmacoeconomics

Answer 1

Costs of illness
Minimization
Benefit
Effectiveness

Question 2

Direct costs

Answer 2

Medications, provider time, diagnostic tests, etc.

Question 3

Indirect costs

Answer 3

Morbidity
Lost wages

Question 4

Intangible costs

Answer 4

Inconvenience
Pain
Suffering

Question 5

Cost-illness analysis

Answer 5

May be based on specific diseases amongst a population and the resource costs needed to treat the illness

Question 6

Cost-Minimization

Answer 6

Weighs options of two therapies that have similar effects
I.E. the cost of a drug

Question 7

Cost-Effectiveness

Answer 7

Compares two or more therapies that may not always be equivalent

I.E. exercise vs hypertension medication

Question 8

Cost-Benefit

Answer 8

Uses a cost to benefit ratio that deems the therapy potentially worth the cost.

I.E. all the people spending 400 a shot on ozempic

Question 9

Cost-Utility

Answer 9

Measure quality of adjusted life years

I.E. yeah grandma had a stroke but was living in a memory care needing help with all her care.

Question 10

Bio equivalent

Answer 10

When specific generic drugs are deemed safe and as effective as name brands