Health Economic Evaluation

Question 1

The measure of the consumption of health goods and services

Answer 1

Health spending growth

Question 2

GDP meaning

Answer 2

Gross domestic product

Question 3

Highest GDP percentage used in healthcare

Answer 3

17.1% in the US

Question 4

% of Philippine health expenditure

Answer 4

4.6% of GDP

Question 5

Reasons why the US has the highest health spending

Answer 5

Large population
Introduction of new or innovative health technology
High cost of care for chronic or long term medical condition

Question 6

Reasons why the Philippines has low heath spending

Answer 6

We don’t value health
Low salary
Low government investment in healthcare

Question 7

The process of identifying all available resources labor or monetary then strategically assigning them to task to enable them to do their best work

Answer 7

Resource allocation

Question 8

It is the comparative analysis of alternative
courses of action in terms of both their
costs and consequences

Answer 8

Economic Evaluation

Question 9

Markets alone can provide efficient solutions, particularly in health care. T/F

Answer 9

False - Markets alone can’t provide efficient solutions

Question 10

What are the importance of the free market

Answer 10

Contributes to economic growth and transparency
Ensures competitive markets
Consumers determine what products or services are in demand
Provides best goods and services to consumers at a fair price

Question 11

Overall aim of Economic evaluation

Answer 11

Markets alone do not provide efficient solutions,
particularly in health care.

Question 12

Overall aim of economic evaluation

Answer 12

maximize benefits

Question 13

Cost may be divided into 3

Answer 13

Direct medical cost
Direct Non-medical cost
Indirect cost

Question 14

Defined as assessing cost and resources

Answer 14

Economic case

Question 15

3 main methods of economic evaluation

Answer 15

Benefit cost analysis
Cost Effectiveness analysis
Cost Utility analysis

Question 16

Other Methods of Economic Evaluation

Answer 16

Cost-minimization analysis (CMA)
Cost-effectiveness analysis (CEA)
Cost-benefit analysis (CBA)
Cost-utility analysis (CUA)

Question 17

analysis is used when the outcomes
of two procedures being compared are identical and it is important that the outcomes of the alternative programs are proven to be the same if the method is used.

Answer 17

Cost-minimization analysis

Question 18

Aim of Cost-minimization analysis

Answer 18

to find the lowest cost program

Question 19

It is the evaluation of the costs and consequences of alternative interventions using clinical outcomes
in “natural units.”

Answer 19

Cost-effectiveness analysis

Question 20

Goal of Cost-effectiveness analysis

Answer 20

Maximize efficiency while being mindful of the cost

Question 21

Advantage of Cost-effectiveness analysis

Answer 21

Easier to produce
Requires less resources
Tends to be easier for clinicians

Question 22

If the outcome of two health program differs, then ma common denominator must be established to allow comparisons of outcome.

Answer 22

Cost-benefit analysis

Question 23

2 main approach of Cost-benefit analysis

Answer 23

The human capital approach
The ‘willingness to pay’ approach

Question 24

It focuses on measuring the patient’s preference for being in a particular health-state (a form of quality of life outcome).

Answer 24

Cost-utility analysis