Suppose that for the first 3 months, you are in perfect health, with a utility of...

 

Transcribed Image Text:

Suppose that for the first 3 months, you are in perfect health, with a utility of 1. Suppose that for the next 6 months, you have seasonal allergies, where your utility takes a value of 0.5. For the last 3 months, you have chronic obstructive pulmonary disorder (COPD). You don't directly know the utility of COPD, but the utility function is given by U = 1 - D^2 where D represents the value of the disease. In this case, COPD gives you a disease value of 0.9 (D= 0.9). Answer the following questions. a. (2.5 points) What is the value of your QALY? b. (2.5 points) Draw the QALY curve. c. (2 points) Why is QALY a better measure of health than life expectancy Suppose that for the first 3 months, you are in perfect health, with a utility of 1. Suppose that for the next 6 months, you have seasonal allergies, where your utility takes a value of 0.5. For the last 3 months, you have chronic obstructive pulmonary disorder (COPD). You don't directly know the utility of COPD, but the utility function is given by U = 1 - D^2 where D represents the value of the disease. In this case, COPD gives you a disease value of 0.9 (D= 0.9). Answer the following questions. a. (2.5 points) What is the value of your QALY? b. (2.5 points) Draw the QALY curve. c. (2 points) Why is QALY a better measure of health than life expectancy

Answer rating: 100% (QA)

a To calculate the QualityAdjusted Life Year QALY for the given scenario we need to calculate the utility for each time period and then multiply it by the duration of that period in years The periods ... View the full answer