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Table 1 An illustration of average cost-effectiveness ratios for four competing hypothetical health care interventions

From: Re-interpreting the data on the cost and effectiveness of population screening for colorectal cancer in Australia

 

Change in cost ($)

Change in health effect (Life-years Gained)

Average cost-effectiveness ($)

 

(ΔC)

(ΔE)

(ΔC) divided by (ΔE)

Existing Practice

0

0

 

Intervention 1

200,000

12

16,667

Intervention 2

75,000

15

5,000

Intervention 3

300,000

250

1,200

Intervention 4

145,000

150

967