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cost-benefit analysis |
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cost-benefit analysis (CBA), a type of economic evaluation of medical care expense. It compares the expected monetary benefit derived from different health interventions with the expected cost of providing each of the interventions to determine the best or most profitable option. cost-benefit analysis, n the comparative study of the service or production costs of a service or item and its value to the subject. cost-benefit analysis cost-benefit analysis Cost-benefit evaluation Clinical trials A form of economic analysis from a social perspective, in which the costs of medical care are compared with the economic benefits of the care provided, with both the costs and
benefits being expressed in monetary units; the benefits evaluated include projected ↓ in future health care costs and ↑ earning as a result of the intervention of interest. Cf Cost-effectiveness analysis. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Certainly, that cost-benefit analysis may be different in a country with a much higher rate of HW infection, but I think the article's portrayal of circumcision as a no-brainer is far too simplistic. To help address the controversy that still simmers over how, or whether, to assign a specific value to effects such as degraded human health, OIRA and several federal agencies asked a committee of the National Academies' Institute of Medicine (IOM) to weigh in with guidance on one type of cost-benefit analysis, called cost-effectiveness analysis (CEA), which can include calculations of the dollar value of human life and which was included in Circular A-4. Instead it is a book about the cost-benefit analysis approach to environmental and health issues. |
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