Extended Cost Effectiveness Analysis
Most people know what cost-effectiveness analysis (CEA), but what is extended cost effectiveness analysis (ECEA)? A paper by Verguet, Laxminarayan,and Jamison (2014) describes the ECEA approach as it relates to the benefits of universal public finance (UPF) of specific medical treatments. CEA measures the effectiveness of a treatment relative to its cost. ECEA does this…