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Problem: Healthcare Resources
Healthcare resources are scarce, and policy makers and health planners make choices between alternative uses of resources. Economic evaluation is important when allocating scarce resources. Cost-benefit analysis, cost effectiveness analysis, and cost utility analysis are decision-making tools that help policy makers and planners examine healthcare costs and the consequences of alternative health programs, services, and interventions. Prepare at least a 5-page overview of cost effectiveness analysis and cost-benefit analysis as decision making tools in the allocation of health resources.
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