Essay
A cancer center wants to determine the cost-effectiveness ratio of treating patients with colon cancer detected early by routine colonoscopy screening versus colon cancer detected at a later stage through other nonroutine diagnostic tests. The center estimated that the total cost of treating colon cancer detected by the routine screening procedure was $50,000 and the average longevity of these patients after treatment was 18 years. The total cost of treating colon cancer detected by other tests was $30,000 and the average longevity of these patients was 3 years. Provide the treatment cost-effectiveness ratio of each treatment.
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Colonoscopy = $50,000/18 = $2,778 per ye...View Answer
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