Part A- Which of the following could be included as part of the economic cost of
ID: 2494473 • Letter: P
Question
Part A- Which of the following could be included as part of the economic cost of a given treatment?
a.lost wage from taking time off work to get the treatment
b.amount of gas spent for non-reimbursed travel expense to the treatment facility
c.unwanted side effects from the treatment
d.all of the above
e.none of the above
Part B- For year 1 after the surgery, Dlanod's probability of survival is 0.7 and his q value is 0.6. Assuming a discount factor of 0.91, what is his QALY for year 1? (rounded-off)
0.92
2.21
0.81
0.38
Part C- In addition to info in Part B, In year 2, survival rate will be 0.7, quality of life = 0.6 and the discount factor = 0.83
What is the total QALY for the 2 years?
0.35
0.73
1.2
2.59
3.02
a.0.92
b.2.21
c.0.81
d.0.38
Explanation / Answer
Dear Student, only one question is allowed at a time.
1)
Economic cost is the cost in monetary terms of doing another work or activity in place of the income generating activity.
In the above case, option A, that is "lost wage from taking time off work to get the treatment" is the appropriate solution as all other are non economic costs.