FPGEE Foreign Pharmacy

Category - Social & Administrative

Which of the following types of pharmacoeconomic analysis is considered to be the most typical type of analysis used for healthcare decision making?
  1. Cost-benefit ratio
  2. Cost of illness
  3. Cost-effectiveness
  4. Cost-utility
Explanation
Answer: C - A cost-effectiveness analysis is the most typical type of pharmacoeconomic analysis used for decision making in healthcare. This is because the cost-effectiveness analysis compares the cost of treatment of an illness with the effectiveness of the treatment measured by objective clinical outcomes. The use of objective clinical outcomes as a measurement for treatment effectiveness increases the ability to use this analysis as a basis for decisions about healthcare such as for purchasing and drug usage.
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