This assessment task requires short answers to the following questions.
Suppose that a new vaccine has become available for the invasive meningococcal disease (IMD) caused by Neisseria Meningitidis group B strains. You have been asked to design an economic evaluation to assess the costs and effects of the new vaccine (compared with no vaccination) to inform public funding decisions.
To determine the optimal strategy for prostate cancer screening for a fully government-funded program, an economic model was developed to estimate the costs and outcomes of two potential screening programs to measure prostate specific antigen (PSA) in comparison to a “no screening program” option. The model followed a cohort over a fifty-year time horizon. The results were: No screening
Program A (Screening men aged 50-75 every 5 years)
Program B (Screening men aged 40-75 every 2 years)
Related: [SOLVED] Common Nursing Questions
Strategy | Cost ($) | Life-years | Incremental costs ($) | Incremental life- years gained (LYG) | Incremental $ per LYG ($) |
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Is it possible for a new drug to be less clinically effective than its comparator but, at the same time, be cost-effective? With reference to the cost-effectiveness plane, briefly explain why or why not.
Note: All assignments must be in a Microsoft Word file and are to be submitted electronically by 5:00pm on the scheduled date.
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