Cutler (2007) uses cost-effectiveness analysis to measure the value of revascularization (bypass surgery or angioplasty) after a heart attack. According to his estimates, the cost effectiveness for this medical technology is $33,246 per life-year saved. Is this procedure cost effective? Why or why not? Would your answer change if the cost per life-year saved was double that amount?

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Whether revascularization after a heart attack is considered costeffective depends on several factor... View the full answer