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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 407 Weeks Ago, 5 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Researchers at Stanford and the University of Pennsylvania estimated that a healthy human life is worth about $129,000. Using Medicare records on treatment costs for kidney dialysis as a benchmark, the authors tried to pinpoint the threshold beyond which ensuring another “quality” year of life was no longer financially worthwhile. The study comes amid debate over whether Medicare should start rationing healthcare on the basis of cost effectiveness.
What conflict might exist between a person’s valuation of his or her own life and the rest of society’s valuation of that person’s life?
Researchers at Stanford and the University of Pennsylvania estimated that a healthy human life is worth about $129,000. Using Medicare records on treatment costs for kidney dialysis as a benchmark, the authors tried to pinpoint the threshold beyond which ensuring another “quality” year of life was no longer financially worthwhile. The study comes amid debate over whether Medicare should start rationing healthcare on the basis of cost effectiveness.
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