Write a paper that identifies at least two benefits and two challenges of using QALYs as a measure of economic benefits from health interventions.

In Health Economics: An Introduction for Health Professionals, the author refers to health-related quality of life indicators, or utility effects, such as healthy days and quality-adjusted life years (QALYs) as “instruments that generate ‘common currencies’ to enable the health status of patients to be compared across all health care interventions” (Phillips, 2005, p. 74). To prepare for this Application Assignment, consider what you read last week in the Phillips text about utility effects and how they were applied in this week’s Learning Resources about economic evaluation. To complete this Application Assignment, write a 2- to 3-page paper that identifies at least two benefits and two challenges of using QALYs as a measure of economic benefits from health interventions. Then compare the use of QALYs to one other utility measure.