What is the value of human life?
In theory, human life is priceless. In reality, it’s worth ???
The governments valuation of a statistical life dropped significantly from $7.8 million to $6.9 million. These valuations are used to determine if a particular program or regulation would be cost effective. For example, a hypothetical regulation that costs $18 billion to enforce but could prevent 2,500 deaths. The regulation costs more than the lives it saves, so it may not be adopted.
The EPA decided the value of elderly people was 38 percent less than that of people under 70.
The international standard most private and government-run health insurance plans worldwide use to determine whether to cover a new medical procedure is $50,000. Governments and insurance companies calculate that to make a treatment worth its cost, it must guarantee one year of "quality life" for $50,000 or less.
Nearly all other industrial nations — including Canada, Britain and the Netherlands — ration health care based on cost-effectiveness and the $50,000 threshold. Medicare, on the other hand, decides whether to pay for new technology based on whether a treatment is "medically necessary and appropriate."
So what is the value of life?
http://wesii.econinfosec.org/draft.php?paper_id=5
http://www.time.com/time/health/article/0,8599,1808049,00.html
http://www.npr.org/templates/story/story.php?storyId=90760725
http://www.consumerismcommentary.com/2008/07/12/what-is-the-value-of-a-human-life/
http://users.wfu.edu/palmitar/Law&Valuation/chapter%202/2-1-5.htm
http://www.usatoday.com/news/nation/2008-07-10-796349025_x.htm
http://unpan1.un.org/intradoc/groups/public/documents/NISPAcee/UNPAN004710.pdf
Very little once the U.S. goes to socialized medicine. Then you will see how little every life is worth. Everyone will pay for healthcare with some kind of payroll deduction and very few will get any healthcare in return.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
Very little once the U.S. goes to socialized medicine. Then you will see how little every life is worth. Everyone will pay for healthcare with some kind of payroll deduction and very few will get any healthcare in return.
References :
Considering 16, 204 Americans were murdered last year, (approximately 45 a day) I’d say the value of human life ain’t sh**.
References :
To have someone killed it costs between $10k and $50k.
References :
It depends on the target and it depends on the risk. $50K sounds good to me.
theres to many people on this planet anyway so in reality every time someone dies the world is better off and since people are not responsible enough to think of anybody but themselves when having children i say adios and as far as old people whats the difference their almost dead anyway
References :
Medical Insurance Corporations Use these statistics as well for a guide in their profit margin. Just try to get medical INS if You are older .
References :
Life is like your computer. According to how well the processor runs and the information stored on the hard drive makes all the difference in the world. Nikola Tesla was irreplaceable while oBama is worth about 25c.
References :
"The value of a civilian slaughtered by al Qaeda terrorists on Sept. 11: $1.8 million.
The value of a civilian slaughtered at Haditha, Iraq, by U.S. Marines: $2,500.
The value of a civilian slaughtered by U.S. Marines near Jalalabad, Afghanistan: $2,000."
And those are hardly the extremes.
References :
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/05/20/INGOMPSTQT1.DTL
depends how many assets that human has behind it
References :