HLTH333 Lecture Notes - Lecture 13: Health Care In Canada, Economic Evaluation, Orthopedic Surgery
14 Nov 2016
School
Department
Course
Professor
Document Summary
Important for the efficiency of the canadian health care system. Benefits of medical interventions are monetized, dollar value is assigned to outcomes. Controversial - attaching a dollar value to a life. Measure of effectiveness is converted to a common unit. Still taking different measures of effectiveness and making the conversion a utility Perfect health has a higher utility than being wheelchair bound. Effectiveness of treatments is considered equivalent and only costs are compared. Cma shows drug a costs less than drug b. A is equally effective as b, but costs less. What happens if the equivalence assumption does not hold and a is less. Utility scores range from 0. 0 - 1. 0 (0. 0 = death, 1. 0 = perfect health) Use one of several methods (e. g. , standard gamble, time-trade-off) to calculate utility score. Can compare different studies that all use qaly, as long as they also employ a similar methodology to calculate costs.
