Econ Exam 2 Flashcards
Cost Utility Analysis (CUA)
measures cost in dollars and outcomes in quality adjusted life year (QALY)
-known as a subset of CEA
-outcomes in natural health units
takes patients preferences or satisfaction (utilities) into account
Quality of Life
evaluation of all aspects of our lives including where we live, how and how we play and how we work
health-related quality of life
only those aspects of life that are dominated or significantly influenced by personal health or activities performed to maintain health
Genetic Instruments
Health status measures
preference based measures (utility measures)
Specific Instruments
Disease specific
population specific
function specific
condition specific
QALY
a measure of value and benefit of health outcomes
incorporates both the quantity (mortality,death) and quality (morbidity:disease states)
Why measure Utility?
patient satisfaction is related to financial implications
-patient choice of health plans
-patient recommendation to other patients
-malpractice claims
Why measure Utility? part 2
-Patient satisfaction is related to clinical implications
-patients desire to adhere to providers directions, appointments and comply with treatments
characterisitics of utility measurement
subjective, individualized, personal, a room for biases
Biases for self assessment
acquiescence-tendency to agree with any item
extremity:tendency to respond to highest/lowest response alternative
evasiveness-tendency to respond to middle alternative
carelessness: tendency to respond randomly or thoughtlessly to items
social desirability-tendency to respond in a conventional rather than truthful way
QALY calculation
Utility X Years of life
Methods to determine utilities
rating scale, standard gamble, time tradeoff
rating scale
a line with scaled markings (thermometer)
Adavantages of CUA
multiple outcomes can be compared (unlike CEA)
Incorporates mortality and morbidity into once unit of QALY without having to estimate monetary value of health outcomes
Disadvantages of CUA
difficulty in measuring accurate QALY/utility
Utility measurement is not a precise or scientific measurement
-CUA less commonly used
CUA is a pharmaeconomic analysis that measures costs in dollars and quality adjusted life year
True
utility score is?
the point where 2 options are nearly equal and you cannot decide between the 2
Acquiescence
always agree with any item, regardless of the content of the question
Extremity
tendency to respond to the highest or lowest response alternative
Evasiveness
tendency to respond to the middle alternative
Carelessness
tendency to respond randomly or thoughtlessly
Social Desirability
tendency to respond in a conventional rather than truthful ways or when subjects want to be perceived as a good patient
Cost-Benefit Analysis
compares both costs and benefits (outcomes) in monetary units
-used to aid public policy (government uses for economic welfare)
What is CBA used for now?
irrigation and flood control, wildlife, air quality
A vaccination program for children