FPGEE Foreign Pharmacy

Category - Social & Administrative

Which of the following types of pharmacoeconomic analysis assesses the cost of treatment of an illness by calculating quality-adjusted life years to assess outcomes of treatment?
  1. Cost-benefit ratio
  2. Cost of illness
  3. Cost-effectiveness
  4. Cost-utility
Explanation
Answer: D - A cost-utility analysis assesses the cost of the treatment of an illness by calculating quality-adjusted life years to assess the outcomes of treatment. Cost of illness analysis only assesses the cost of the illness itself and not the overall outcomes of treatment. Cost effectiveness studies assess the cost involved in treating an illness and uses objective clinical measures to assess the outcomes of treatment. Cost-benefit is a ratio showing the relationship between cost of illness treatment and cost of treatment outcomes.
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