Abstract
This article presents the theoretical framework of cost-effectiveness analysis with special focus on the incremental cost-effectiveness ratio. Important practical considerations are then discussed with the aim of making the reader aware of some of the many challenges raised by cost-effectiveness analysis. Despite these challenges, it is argued that cost-effectiveness analysis can provide valuable guidance on how health can be improved for the available resources. In addition, the recent extension of cost-effectiveness analysis to financial protection and distributional considerations can provide valuable evidence to policymakers in their paths toward universal health coverage.
| Original language | English |
|---|---|
| Title of host publication | International Encyclopedia of Public Health (Second Edition) |
| Editors | Elsevier |
| Place of Publication | Singpur |
| Publisher | Elsevier |
| Pages | 177 - 180 |
| Publication status | Published - 2017 |