Chapter Summary

Chapter objectives:

  • To understand resource limitations in health care and strategies for rationing
  • To identify the main forms of economic evaluation: cost effectiveness, cost utility and cost benefit
  • To outline the issues to be considered when designing an economic evaluation
  • To describe the concept of quality-adjusted life-years (QALYs) and alternative methods
  • To consider economic evaluation and cost-effectiveness in assessing value for money in health care