Comparative Healthcare Systems
Quality-adjusted life year (QALY) is a measure used to evaluate the value of medical interventions by quantifying the quality and quantity of life gained from those interventions. It combines both the duration of life and the quality of health into a single index, allowing for comparisons across different health conditions and treatments. By assessing how many years of life a person can expect to live in full health, QALYs help in making informed decisions about resource allocation in healthcare.
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