Question: respond with compliment, question, concern, and APA style reference: Good evening class, Two approaches applied in healthcare decision-making to assess the efficiency of several therapies

respond with compliment, question, concern, and APA style reference: Good evening class, Two approaches applied in healthcare decision-making to assess the efficiency of several therapies are cost-utility analysis (CUA) and cost-effectiveness analysis (CEA). Although both methods evaluate the link between expenses and results, they evaluate results differently. While CUA counts quality-adjusted life years (QALYs), accounting for both the quantity and quality of life, CEA usually assesses results in natural units, such as life-years saved. A hypothetical new cancer treatment is one circumstance where CEA and CUA might produce opposite effects. Imagine a medicine that increases life by six months (CEA) but causes significant side effects, compromising the quality of life during those extra months (CUA). If the cost per life-year saved in a CEA falls below a specific level, the therapy may be judged cost-effective. However, given the lower quality of life in a CUA, the treatment is not as cost-effective since low utility values weigh the extra life-years, hence producing fewer QALYs gained. Therefore, even if the CEA would advocate accepting the treatment, the CUA might advise against it. Several elements would be essential to consider if one had the chance to design the ideal healthcare system: financing

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