HCA 255 TOPIC 3 DQ 2 After watching “One School’s Fight: The Making of a Law

HCA 255 TOPIC 3 DQ 2

After watching “One School’s Fight: The Making of a Law,” describe the economic evaluation used to solve the school’s funding problems. How might this process be applied to solve a problem in health care?

Answer:

The economic evaluation used in “One School’s Fight: The Making of a Law” is similar to what’s called a cost-benefit analysis.

In a cost-benefit analysis, the costs of implementing a new solution are weighed against its benefits—and the benefits could be anything from money saved (or gained) to human lives saved. For instance, if the school wanted to implement metal detectors at their entrance, they would first want to determine how much this would cost and weigh that against how many potential injuries or deaths it would prevent and how much those injuries or deaths would cost them.

In health care, you could use this method to assess whether certain treatments or procedures are worth their price tag. For example, if you’re considering getting laser eye surgery but have heard that it can be very expensive and brings with it some risks (like infection), you might ask yourself whether those risks are worth the price tag and whether your vision problems are severe enough that they need fixing right away.

Question:

HCA 255 TOPIC 3 DQ 2

After watching “One School’s Fight: The Making of a Law,” describe the economic evaluation used to solve the school’s funding problems. How might this process be applied to solve a problem in health care?

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