Background
Wancorp Ltd. has a company medical plan that has not included coverage related to breast cancer, but Wancorp now wants to address breast cancer in its 50 year-old female employees. These employees can be expected to live to age 80 if they don't develop breast cancer. Currently, 8.22% can be expected to develop breast cancer, and 3.57% (of all employees) will die from breast cancer.
The company has done some research, and has come up with three alternatives to the current (baseline) approach of doing nothing: a screening plan, a treatment plan, and both plans:
Perspective I: Young employee
As a 35-year old female employee, you'll be asked to pay a lump sum at age 50 corresponding to the cost per employee of the treatment plan you choose. Which treatment plan would you choose and why? Would it make a difference if you knew ahead of time that you would develop breast cancer?
Perspective II: Employee with cancer
What if you're a 50-year old employee, about to pay your
lump sum, and you learn that you already have breast cancer, it has
metastasized, and is terminal. Which treatment plan would you
choose and why? (To model this, set the probability of getting breast
cancer to 100%, probability of dying with options that don't include HDC-ABMT
to 100%, and probability of dying with options that do include HDC-ABMT to 43%.
Perspective III: Society
Imagine that you’re the Director of Human Resources for this company and you have a $1 million budget to spend on one of these three programs. You have 100 female employees at or under the age of 50. Which option would you choose?
How many life years would you expect to save with each of the three options? How much cheaper or more effective would HDC-ABMT have to be to change your choice?