Quality-adjusted life year

Essentially, yes.

They utilize a twenty twenty-five study from Frontier Economics and Nesta to calculate the loss of what are called quality-adjusted life years, or QALYs, due to diet-related illness.

Okay, let me make sure I'm translating that jargon correctly.

A, a quality-adjusted life year is basically a formula that calculates not just how many years of life someone loses because they died prematurely, but how many years of healthy, pain-free living were stolen from them while they were still alive.

it was the obvious choice when I thought about it the way I think about it, right? So there's a lot of healthcare technology in inverted commas out there today, but what is that working towards and what is optimal healthcare, right? So at Remedy, we would define what optimal healthcare is, right? And then, um, there were lots of different disease states that went into kind of ensuring we have optimal healthcare.

And we basically rank them by QALYs.

Quality Adjusted Life Years.

Or DALYs, rather.

When analyzing the incremental cost effectiveness ratios, how does the rapid return to independence following a TEA factor into the overall systemic costs?

Well, the health economics models heavily favor primary TEA in the over 65 demographic when we factor in quality adjusted life years or QALYs and the broader societal costs of dependents.

Because keeping them out of a care home is financially paramount.

Absolutely.

Now, we have, this, this system that was in place is still in place, but the difference has been is that they have a, uh, a bigger pot now of money.

They've increased it earlier this year, um, for those, you know this whole QALY thing, which-

Mm

... which, um, Hannah could always talk so eloquently about, which I can't.

Mm

... how NICE were evaluating metastatic breast cancer.

And interestingly, after it fell through, they updated their QALY system.

Mm.

Adam Gilchrist in London.

Chris on the text line says, is the Federal Transport Minister Catherine King eligible for those QALYS points with Latrobe Financial? Yes, she is, Chris, but she won't need them.

She's got lifetime platinum status.

And Clem says, so Craig Emerson was right after the Wyala wipeout and it occurred under Labor's watch.

The value framework remains the same.

It's about QALYs and cost effectiveness, but the inputs change.

Lower administration burden could translate to higher adherence, which improves outcomes.

That's the chain we need to model.

There's no debating that.

However, proper health economics requires us to look at quality-adjusted life years, or QALYs, and downstream systemic savings.

The macro view.

Exactly.