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Cost-Utility Analysis in Pharmaceutics

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Questions and Answers

What is the primary purpose of cost-utility analysis (CUA) in pharmacoeconomics?

To estimate the monetary value of health outcomes

To measure the value of interventions in quality-adjusted life years (QALY) (correct)

To determine the accurate value of utility or preference weight

To compare different diseases using one common unit

In cost-utility analysis (CUA), what does 1.0 QALY represent?

Living for 1 year with severe illness

Living for 1 year in average health

Living for 1 year with diminished health

Living for 1 year in perfect health (correct)

What is the disadvantage of cost-utility analysis (CUA) as discussed in the text?

Difficult to estimate the monetary value of outcomes

Difficult to compare different diseases

Difficult to measure the quantity and quality of life-years

Difficult to determine an accurate value of utility (correct)

What is the unit used to measure the value of interventions in cost-utility analysis (CUA)?

Quality-adjusted life years (QALY) Signup and view all the answers

What does perfect health correspond to, in terms of utility, in cost-utility analysis (CUA)?

1.0 utility per year Signup and view all the answers

What is the primary focus of cost-utility analysis (CUA)?

Measuring and calculating utility-based outcomes Signup and view all the answers

In the field of economics, what is 'UTILITY' used to indicate?

Individual or group preferences Signup and view all the answers

What do some authors prefer to use instead of the term 'UTILITY'?

Preference weight or preference value Signup and view all the answers

What is an important consideration when making a decision between terminal care and prevention interventions?

The expected outcome measures Signup and view all the answers

What is the main purpose of computing quality-adjusted life-year (QALY) calculations?

To estimate the utility values for different health states Signup and view all the answers