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The data in the Table below shows the cost and outcomes associated with five mutually...

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Finance

  1. The data in the Table below shows the cost and outcomes associated with five mutually exclusive interventions. Outcomes are expressed as QALYs and each QALY is assumed to be worth 10,000. Use the data to estimate incremental cost-effectiveness, allowing for extended dominance. Identify that option which offers the best value. (10 marks)

Intervention

Cost ()

QALYs

A

12,000

1.5

B

35,000

4

C

25,000

3

D

10,000

2

E

55,000

5

Standard care

5,000

1

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