Given: Cost Effectiveness Current Treatment $100,000 4 life-years gained New Treatment $250,000 10 life-years gained & the health-utility index is 0.5 for the current treatment and 0.8 for the new treatment,
a. Calculate the Incremental Cost-Effectiveness Ratio (ICER) for the current and new treatment
b. Calculate the number of QALYs for the current and new treatment.
c. Calculate the cost-utility index for new treatment.
d. Should the new treatment be adopted? Why?