A general approach is discussed to assess the uncertainty surrounding
the cost effectiveness ratio (C/E-ratio) estimated on the basis of dat
a from a randomised clinical trial. The approach includes the calculat
ion of a 95% probability ellipse and introduces the concept of a so ca
lled C/E-acceptability curve. This last curve defines for each predefi
ned C/E-ratio the probability that the C/E-ratio found in the study is
acceptable. The approach is illustrated by estimates of costs per lif
e saved and costs per patient discharged alive on the basis of data fr
om a phase II trial addressing the value of anakinra in treating sepsi
s syndrome.