Resource Allocation and Health Economics Flashcards

1
Q

What are the two types of rationing?

A

Explicit vs. implicit

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2
Q

What is explicit rationing?

A

There is a system with defined rules as to who gets what

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3
Q

What is implicit rationing?

A

There are no clearly defined reasons

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4
Q

What are some problems with implicit rationing?

A

Open to abuse
Discrimination
Doctors don’t like doing it

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5
Q

What are the pros/cons of explicit rationing?

A

GOOD: transparent, evidence based, equitable
BAD: complex, patient/professional hostility, reduction of clinical freedom

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6
Q

What is scarcity?

A

Healthcare needs are greater than resources

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7
Q

What is efficiency?

A

Maximising the impact of limited resources

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8
Q

What is equity?

A

Distributing resources fairly

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9
Q

What is effectiveness?

A

To what degree an intervention produces the desired outcome

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10
Q

What is utility?

A

The value an individual places on a health state

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11
Q

What is an opportunity cost?

A

Once a resource has been used in one way it can’t be used in another, creating an opportunity cost based in this loss

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12
Q

What is cost minimisation analysis?

A

If two interventions have equal benefit, which is cheaper

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13
Q

What is cost effectiveness analysis?

A

Is the extra benefit of an intervention worth the extra cost?

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14
Q

What is cost/benefit analysis?

A

Comparing inputs and outputs of an intervention in monetary terms

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15
Q

What is cost utility analysis?

A

Comparison of cost per QUALY gained

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16
Q

What is a QUALY?

A

a Quality Adjusted Life Year

1 year at 100% health = 1 QUALY

17
Q

How may QoL be measured?

A

A generic HR-QoL instrument e.g. EQ-5D

18
Q

Can QUALYs be shared?

A

YES THEY CAN!!

e.g. 1 QUALY = 0.5 yr of 100% health for two people

19
Q

At what value will NICE approve treatments?

A

Less than £20, 000 = usually approved
£20 to 30, 000 = judgement used
Greater than £30, 000 = needs a strong case

20
Q

What are some issues with QUALYs?

A

May disadvantage common conditions
Rationing by cost rather than need
RCT evidence for treatments is not perfect