Pharmacoeconomics

Question 1

Cost-minimization analysis (CMA) is used ….

Answer 1

When 2 or more interventions have demonstrated equivalence in outcomes and the costs of each intervention are being compared

Question 2

Cost- benefit analysis (CBA) is used…

Answer 2

When comparing benefits and costs of an intervention in terms of monetary units (dollars).

• Consists of identifying all the benefits from an intervention and converting them into dollars in the year that they will occur

Question 3

Cost-Effectiveness Analysis (CEA) is used…

Answer 3

A series of analytical and mathematical procedures that aid in the selection of a course of action from various alternative approaches.

Question 4

Cost-Utility Analysis (CUA) is…?

Answer 4

A specialized form of CEA that includes a quality of life component of morbidity assessments, using common health indices such as Quality-adjusted-life-years (QALY) and Disability-adjusted-life-years (DALY)

Question 5

Cost- benefit analysis (CBA) outcome unit?

Answer 5

Dollar

Question 6

Cost-Effectiveness Analysis (CEA) outcome unit?

Answer 6

Natural units

e.g. life-years gained, mmHg blood pressure, % at treatment goal

Question 7

Cost-Utility Analysis (CUA) outcome unit?

Answer 7

Quality-adjusted-life-years (QALY)
or 
Disability-adjusted-life-years (DALY) 
or 
other utilities

Question 8

Cost-minimization analysis (CMA) outcome unit?

Answer 8

Demonstrated or assumed to be equivalent in comparative groups

Question 9

What is the most common pharmacoeconomic methodology used in biomedical literature?

Answer 9

Cost-Effectiveness Analysis (CEA)