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Document 0557
DOCN M9630557
TI Understanding the essentials of economic evaluation.
DT 9603
AU Schmid GP; Program Evaluation and Prevention Health Services Research;
Branch, Centers for Disease Control and Prevention, Atlanta,; Georgia
30333, USA.
SO J Acquir Immune Defic Syndr Hum Retrovirol. 1995;10 Suppl 4:S6-13.
Unique Identifier : AIDSLINE MED/96075583
AB Economic evaluation (EE) answers the following simple question: From
which course of action do we get the most value for our money? We ask
this question because resources are always limited, i.e., we never have
enough money to do all the things we would like to do. Three types of
economic evaluations are used: cost-effectiveness analysis, cost-utility
analysis, and cost-benefit analysis. Although all involve a monetary and
outcome comparison of two or more courses of action, the methodologies
and outcomes of each type vary, making each one particularly suited for
specific and different indications. Although the performance of an EE
may be complex, its concept is intuitively simple. Understanding the
basic elements of economic analysis is more and more important to all
health-care providers because health-care policy makers at all levels
are increasingly using EE for allocating resources.
DE Acquired Immunodeficiency Syndrome/DRUG THERAPY/ECONOMICS Antiviral
Agents/ECONOMICS *Cost-Benefit Analysis/ECONOMICS Decision Support
Techniques Decision Trees Economic Value of Life Human Life
Expectancy JOURNAL ARTICLE REVIEW REVIEW, TUTORIAL
SOURCE: National Library of Medicine. NOTICE: This material may be
protected by Copyright Law (Title 17, U.S.Code).