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In this video tutorial on cost effectiveness, Alyssia Cell, a health economics and outcomes researcher at Medtronic, explains the importance of cost-effectiveness analysis in shaping health policy and access to medical interventions globally. Cost-effectiveness analyses are commonly used in countries with centralized health budgets like the UK and Australia to make decisions on new medical treatments. The methodology evaluates interventions based on the value they provide for the cost associated, measured in quality adjusted life years (qualis).
