Is government regulations are necessary present one and relevance patient health

timer Asked: Jun 21st, 2014
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Question Description

What economic evaluation method might you use to make a decision about the economic efficacy of this regulation? or  if you think that an existing regulation is not necessary, for Theory X. Example of Theory X

Tutor Answer

School: Boston College

There are 3 types of economic evaluation methods, we can use to make a decision about the economic regulation. 

Cost-effectiveness analysis (CEA) - A single clinical results expressed in natural units is used.

Cost-utility analysis (CUA) - health states are converted in utility scores using instruments such as EuroQol (EQ-5D)

Cost-benefit analysis (CBA) - Clinical results are converted into financial units so that a net benefit can be estimated.

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Thanks, good work

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