What measurement problem does the QALY approach in the Chapter 18 overcome? Group of answer choices QALY is a condensed phrasing of 'Quality' that emerged among European researchers and came to be accepted as a surrogate for the monetized cost-benefit analysis of healthcare programs. All health gains are converted to a common measure so they can be compared across programs. QALY focuses on costs only which makes them directly comparable across healthcare programs. QALY units can be directly converted to monetary units and so compared to costs in a cost benefit analysis