The language of trade-offs:
1. ❌ (we can spend more money to live longer). The extra benefit’s extra cost (extra cost per extra benefit)
2. ❌ (eg new treatment costs an extra $30,000 and gives an extra year of life). Difference in cost / Difference in effectiveness. (30,000/1=30,000)
3. ❌ (just jargon). Incremental cost effectiveness ratio (ICER) = ΔC/ΔE. The same calculation as in math, but we like the word “incremental".
4. ❌. We can plot the ICER on the cost-effectiveness plane.
Arrastra y suelta para completar el texto.
Plain language
Plain language