Costs and Effectiveness of The Two Treatments Calculations and Analysis
Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
The following information has been gathered on the costs and effectiveness of the two treatments, A and B. In this problem, costs and consequences are not discounted.
Life expectancy for survivors
Initial treatment cost
Follow up costs, year 1
Annual follow up costs, all subsequent years
Complete the following calculations and analysis:
What is the total cost for the survivors receiving treatment A? For decedents (assuming sudden death)?
What is the total cost for survivors receiving treatment B? For decedents?
What is the expected cost for those patients receiving treatment A?
What is the expected cost for those patients receiving treatment B?
Draw a simple decision tree showing the costs and consequences of each treatment option
Calculate the incremental cost and incremental benefit of the treatment alternatives.
What is the ICER?
Which treatment would you recommend be covered by your health plan and why?
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