Public Health 3B Flashcards
What are the three defining features of a health economic evaluation?
define economic evaluation (previous q)
- cost
- benefit
- comparisons of the cost and benefit of 1 service with that of an alternative service
definition: An economic evaluation looks at the cost effectiveness of drugs and treatments, to help inform choices about funding treatments and interventions in healthcare. It compares the costs and benefits of at least 2 alternatives
What is 1 QALY?
1 year lived in perfect health
What are the to features that comprise a QALY?
QUALY = quality of life x survival years
What is a DALYs?
Disability adjusted life years
What is 1 DALY?
1 year in perfect health lost
What is economic efficiency? (previous Q)
When resources are allocated between activities in such a way as to maximise benefit
What is opportunity cost? (previous Q)
To spend resources on one activity (e.g. heart transplants) means a sacrifice in terms of a lost opportunity cost elsewhere (e.g. fewer hip replacements)
i.e. The sacrifice in terms of the benefits forgone from not allocating resources to next best activity
What is equality?
Everyone is treated equally
What is equity?
Fairness or justice of the distribution of costs and benefits of resources (based on need)
What is horizontal equity?
equal treatment for equal need (e.g. all those with pneumonia treated the same)
What is vertical equity?
Unequal treatment for unequal need (e.g. those with pneumonia treated differently to those with a common cold)
In terms of health economics what is the problem with improving equity?
There is a decrease in efficiency (e.g. if rare diseases and their expensive Tx’s are funded for then there is less money to be allocated to much more common things to benefit more people)
4 types of economic evaluation (previous Q)
Cost-effectiveness analysis (measured in natural units)
Cost-utility analysis (Measured in QALYs)
Cost-benefit analysis (measured in monetary units)
Cost-minimisation analysis - i.e. outcomes same for both alternatives so just minimise the cost
What 3 things is required for a DOLS?
The person lacks capacity
The person is not free to leave
The person is under continuous supervision + control
What does DOLS ensure?
Ensures the safety and prevention of harm for those in hospital/care homes who don’t have capacity