Is government regulations are necessary present one and relevance patient health

Question Description

I need an explanation for this Health & Medical question to help me study.

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

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Final Answer

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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Boston College

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