In a cost-minimization analysis, which statement is true?

Study for the WHEBP Evidence as it Relates to Cost Test. Use flashcards and multiple-choice questions, with explanations and hints. Prepare for your exam efficiently!

Multiple Choice

In a cost-minimization analysis, which statement is true?

Explanation:
The key idea is that outcomes are assumed to be the same across options, which lets the analysis focus solely on cost. When effectiveness is proven to be equivalent, the cheaper option is preferred because it delivers the same result at a lower total cost. If outcomes aren’t truly equal, cost-minimization isn’t appropriate—you’d need a framework that accounts for differences in effectiveness, like cost-effectiveness or cost-utility analysis. Costs aren’t ignored in this approach; they’re the basis for choosing among options once equivalence is established. QALYs come from analyses that measure utility and quality of life, which are part of cost-utility analyses, not CMA. And CMA doesn’t assume the new intervention yields better outcomes; it assumes outcomes are equal and compares costs instead.

The key idea is that outcomes are assumed to be the same across options, which lets the analysis focus solely on cost. When effectiveness is proven to be equivalent, the cheaper option is preferred because it delivers the same result at a lower total cost. If outcomes aren’t truly equal, cost-minimization isn’t appropriate—you’d need a framework that accounts for differences in effectiveness, like cost-effectiveness or cost-utility analysis. Costs aren’t ignored in this approach; they’re the basis for choosing among options once equivalence is established. QALYs come from analyses that measure utility and quality of life, which are part of cost-utility analyses, not CMA. And CMA doesn’t assume the new intervention yields better outcomes; it assumes outcomes are equal and compares costs instead.

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