Describe the difference between a prevalence-based and an incidence-based cost-of-illness study. A. Prevalence-based studies are useful for budgeting purposes and includes the cost of existing cases and new cases B. Incidence-based studies only consider the costs for new cases during the year C. When completing an explanatory model both are appropriate because there is no difference when it comes to costs, outcomes and cost projections D. All of the above E. A and B only
- Describe the difference between a prevalence-based and an incidence-based cost-of-illness study.
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A. |
Prevalence-based studies are useful for budgeting purposes and includes the cost of existing cases and new cases |
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B. |
Incidence-based studies only consider the costs for new cases during the year |
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C. |
When completing an explanatory model both are appropriate because there is no difference when it comes to costs, outcomes and cost projections |
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D. |
All of the above |
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E. |
A and B only |
The cost-of-illness (COI) study is a method of measurement of medical and other costs that occur due to a particular disease or medical condition. The cost of heart diseases in the United States is greater than 321 billion dollars every year. Out of this total amount, around 193 billion dollars is the medical cost, and the rest 128 billion dollars is the cost due to productivity loss from an early death.
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