FPGEE Foreign Pharmacy

Category - Social & Administrative

Which of the following types of pharmacoeconomic analysis compares the price of treatments for an illness directly, assuming their outcomes are equivalent?
  1. Cost-benefit ratio
  2. Cost of illness
  3. Cost-effectiveness
  4. Cost-minimization
Explanation
Answer: D - A cost-minimization analysis compares the price of treatments for an illness directly, assuming their outcomes are equivalent. 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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