Table 5 Variables included in the decision analysis model, their assigned high, low, and baseline values, and the effect on the incremental cost-effectiveness ratio (ICER) of insurance relative to no insurance.
| Â | Used in Model* | Effect on ICER | |||
|---|---|---|---|---|---|
Variable | Baseline | High | Low | High | Low |
Administrative costs | 5% | 25% | 0% | $41,000 | $21,000 |
Hazard Ratio | 1.5 | 1.75 | 1.25 | $19,000 | $37,000 |
Discount rate | 3% | 5% | 0% | $26,000 | $23,000 |
Error in cost†| 0% | 125% | 0.75% | $39,000 | 10,000 |