Cost-effectiveness analysis

Cost-effectiveness analysis

Cost-effectiveness analysis is defined by the CDC “as the analysis is a way to examine both the costs and health outcomes of one or more interventions. It compares an intervention to another intervention (or the status quo) by estimating how much it costs

Cost-effectiveness analysis is defined by the CDC “as the analysis is a way to examine both the costs and health outcomes of one or more interventions. It compares an intervention to another intervention (or the status quo) by estimating how much it costs to gain a unit of a health outcome, like a life-year gained or death prevented” (1). It generally is used in the fields of health care services in which analysis comparison would be made between both the relative costs and effects of different actions taken in health care services. CEA has been widely applied in Australia, Canada, and Europe. It has been an important tool in making health care decisions within these countries. However, the use of CEA has been limited in the USA. The US has included many preventive interventions like HIV testing, influenza vaccinations, cervical smear test, and now COVID-19 vaccinations.  In Australia, Canada, and Europe health policies are publicly funded and so cost-effectiveness analysis is highly integrated. Health care decision is so complex that decision-makers need to make various trade offs. This is usually be taken into consideration with the values of patients, as there is a lot of uncertainty still with this process. If health care decisions are taken on personal experiences there may be many communities that don’t get the health care they needed. . The CEA can be used to support decision making so that the communities and patients should be integrated into health care decision-making not just based on what they can afford.

Work Cited

“Cost-Effectiveness Analysis.” Centers for Disease Control and Prevention, Centers for Disease Control and Prevention, 2 Jan. 2019, www.cdc.gov/policy/polaris/economics/cost-effectiveness.html.

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APA

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