Public health 3b

Question 1

3 defining features of health economic evaluation?

Answer 1

Cost of 2 services
benefit of 2 services
Comparing to alternative services

Question 2

What are the components of health economics?

Answer 2

Opportunity Cost
Economic Efficiency
Equity
Economic Evaluation

Question 3

What economic efficiency?

Answer 3

maximising benefit for least costs

Question 4

What is economic equity?

Answer 4

Concerned with the fairness or justice of the distribution of costs and benefits

Improving equity often leads to loss in efficiency

Question 5

What are the types of economic evaluation?

Answer 5

Cost-effectiveness analysis - measured in natural units

Cost-utility analysis - measured in QALY

Cost-benefit analysis - measured in monetary units

Cost-minimisation analysis - measured in any units

Question 6

What is the incremental cost effectiveness ratio?

Answer 6

Cost of new intervention - Cost of old intervention/ outcome of new intervention - outcome of old intervention

Question 7

What is a funding threshold?

Answer 7

Threshold needed to fund an intervention

1 QALY per 20K