a.As health minister of Westeros you have been charged with making optimal policy. Westeros places a (surprisingly high) value of 30g on each life year. Illustrate this valuation on your

a.As health minister of Westeros you have been charged with making optimal policy. Westeros places a (surprisingly high) value of 30g on each life year. Illustrate this valuation on your cost-effectiveness frontier. Which is the optimal treatment? b.Your pesky master of coin has pointed out that living with Greyscale isn’t the same as living in perfect health. Write down a time-tradeoff question designed to elicit the QALY value of living with Greyscale. c.Now talk about how the parameters for your follow-up question would change based on the survey respondent’s answer to the question posed in Part C. How would you determine the QALY value of Greyscale? (nt: Your answer here should have three conditional statements: If A then X. If B then Y. If C then Z.) d.The survey shows the Westerosi consider living a year with Greyscale to be worth about half year in perfect health. Draw a new cost-effectiveness frontier that incorporates this information. Indicate the new optimum treatment. e.Armed only with information about budgets, QALY valuations, cost of treatment, and QALYs gained from treatment is there ever a situation where you would choose to pursue a dominated treatment? (nt: Examine the graphs you drew.)

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