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Suppose a new influenza vaccine is developed and health officials are deciding about what do in terms of usage. Lets say the vaccine would be administered to 100,000 folks over the age of 65. The costs are $50 per dose. It is believed that it will save 1000 folks from getting the flu at all and that there would be 50 adverse reaction cases

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Suppose a new influenza vaccine is developed and health officials are deciding about what do in terms of usage. Lets say the vaccine would be administered to 100,000 folks over the age of 65. The costs are $50 per dose. It is believed that it will save 1000 folks from getting the flu at all and that there would be 50 adverse reaction cases. Assume the cost of dealing with the flu is $300 and the cost of dealing with adverse reaction is $1000. 1) So, find the costs and benefits and compare what is our decision rule? Do you think they should mandate vaccinations (at this point)? Ok, suppose that 1/100 folks who get the flu (in this age group) would die from it. So, if flu prevented, assume they live an additional 8 healthy years Now, what is our retum per dollar spent? What makes sense to you?

The post Suppose a new influenza vaccine is developed and health officials are deciding about what do in terms of usage. Lets say the vaccine would be administered to 100,000 folks over the age of 65. The costs are $50 per dose. It is believed that it will save 1000 folks from getting the flu at all and that there would be 50 adverse reaction cases appeared first on Academicheroes.com.

 
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