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The usefulness of average cost-effective ratios
E M Laska1, M Meisner, C Siegel
1Statistical Sciences and Epidemiology Division, Nathan S. Kline Institute for Psychiatric Research, Orangeburg, NY 10962, USA. laska@iris.rfmh.org
Health Economics
|November 14, 1997
Summary
Average cost-effectiveness ratios (CERs) are crucial for evaluating treatment effectiveness. Decision rules based on incremental CERs are often equivalent to those using average CERs, simplifying resource allocation.
Area of Science:
- Health Economics
- Decision Analysis
- Pharmacoeconomics
Background:
- Cost-effectiveness analysis (CEA) is vital for healthcare resource allocation.
- Average cost-effectiveness ratios (CERs) are criticized in budget-constrained settings.
- Incremental CERs are often used for decision-making.