The estimate of the value of benefits expected from a treatment depends on the viewpoint of the party benefitting from that treatment.

Question

Quizplus · Accepted Answer

Cost-benefit analysis must include the viewpoint of the analysis. At least three different parties benefit from a medical treatment: the patient, the payer, and the physician. Society as a whole may also benefit. Each party generally receives different payoffs over different time frames.

The Estimate of the Value of Benefits Expected from a Treatment