Health Economic Evaluation in Prevention of Cardiovascular Diseases - Essay Example

The first table focuses on the amount spent on the diagnosis of disease. It can be seen that the maximum amount of money is spent on the diagnostic procedure- echocardiogram. Around 142.16 $ is spent on this. Then the model included other primary evaluations in health care for the particular disease as ECG, TFT, INR, FBC, coagulation studies, and medication. The total cost incurred for the primary visit is 418. 08. There have been reviews on the increased cost of ECG on adolescents and neonates. It is estimated that cost-effectiveness was at a peak between &91,000 in 14-year-olds and $ 204000 in screening done in 8-year children for the life saved per year. (Saul, Samuel & Gidding 2014).

ANNUAL COST FOR THE PREVENTION OF CARDIOVASCULAR DISEASES
It was done to determine the cost difference on the strategies deployed on the prevention of cardiovascular disease. Three strategies were deployed –
1) Do nothing for the prevention
2) Administration of warfarin
3) Administration of aspirin.
Both warfarin and aspirin are anti-coagulants, which are administered to prevent clot formation in the blood vessels of the heart, which may lead to cardiovascular diseases. Warfarin and aspirin were administered in patients at risk of developing heart problems. The risk category included obese patients, patients with diabetes mellitus.

It may be seen that the cost spent for the visit of the general practitioner without the administration of any medication and with the prescription of aspirin was the same (552,992 $). The cost spent for specialty visits was the same for all three categories. The use of diagnostic procedures like ECG and Echocardiogram spent the same amount. The amount of money spent on TFT is the same for all three categories. No amount of money was additionally spent on INR, FBC, and coagulation studies on the administration of aspirin and warfarin. When the total cost was estimated along with the administration of medication and frequency of use, less amount of money was spent when aspirin was used for prevention.

After deploying this model for three years, the end result was found the use of aspirin prevented the occurrence of cardiovascular diseases in comparison with the administration of warfarin and without any intervention. This indicates that this model may be used in the prevention of cardiovascular disease.