Researchers conducted a survey to determine the quality weight of a particular disease. Respondents of the...

 

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Researchers conducted a survey to determine the quality weight of a particular disease. Respondents of the survey claimed they were indifferent between living 6 years without the disease and living 10 years with the disease. (1) What is the implied quality weight q for a year with the disease? Assume a patient with such a disease can only live for 10 years. Now a drug has been developed to treat this disease. With the drug, the quality of life can be improved to 0.7 and patients can live for 12 years. (2) Calculate the QALYS gained due to the treatment (relative to no treatment). Assume no discounting of future years. (3) If the drug costs $24,000, what is the incremental cost-effectiveness ratio of the treatment compared with no treatment? (4) Assume it is agreed that a QALY is worth $5000. Will this patient decide to get the drug? (5) If the patient has an insurance which pays (with 10% coinsurance) for the drug. Will the patient decide to get the drug? Researchers conducted a survey to determine the quality weight of a particular disease. Respondents of the survey claimed they were indifferent between living 6 years without the disease and living 10 years with the disease. (1) What is the implied quality weight q for a year with the disease? Assume a patient with such a disease can only live for 10 years. Now a drug has been developed to treat this disease. With the drug, the quality of life can be improved to 0.7 and patients can live for 12 years. (2) Calculate the QALYS gained due to the treatment (relative to no treatment). Assume no discounting of future years. (3) If the drug costs $24,000, what is the incremental cost-effectiveness ratio of the treatment compared with no treatment? (4) Assume it is agreed that a QALY is worth $5000. Will this patient decide to get the drug? (5) If the patient has an insurance which pays (with 10% coinsurance) for the drug. Will the patient decide to get the drug?

Answer rating: 100% (QA)

1 The quality weight for a year with the disease is 07 2 The QALYs gained due to the treatment are 1... View the full answer