Journal article
Cost-Effectiveness: How Should it Be Determined?
Evaluation & the health professions, Vol.11(2), pp.213-230
06/1988
DOI: 10.1177/016327878801100205
PMID: 10312609
Abstract
The purpose of this article is to compare three commonly used indices of cost-effectiveness: the cost-effectiveness ratio, the cost-benefit ratio, and net benefit. We show that these indices can be interpreted to be consistent with one another and consistent with the traditional economic definition of cost-effectiveness. Further, we show that the relative cost-effectiveness of competing strategies cannot be determined by simply comparing their respective cost-benefit or cost-effectiveness ratios, but can be determined by comparing their respective net benefits. Finally, we show that cost-effectiveness ratios cannot be properly interpreted without consideration of the dollar value of health benefits.
Details
- Title: Subtitle
- Cost-Effectiveness: How Should it Be Determined?
- Creators
- Robert G Beaves - Graduate Program in Hospital and Health AdministrationHyman Joseph - Department of EconomicsJames E Rohrer - Graduate Program in Hospital and Health AdministrationRodney R Zeitler - Department of Internal Medicine University of Iowa
- Resource Type
- Journal article
- Publication Details
- Evaluation & the health professions, Vol.11(2), pp.213-230
- Publisher
- SAGE PUBLICATIONS, INC
- DOI
- 10.1177/016327878801100205
- PMID
- 10312609
- ISSN
- 0163-2787
- eISSN
- 1552-3918
- Language
- English
- Date published
- 06/1988
- Academic Unit
- Economics; General Internal Medicine; Internal Medicine
- Record Identifier
- 9984094360002771
Metrics
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