How much is your life worth?

June 11, 2007

Can you put a dollar value to it? Some have already:

Studies of real-world situations produce relatively consistent results, suggesting that average Americans value a year of life at $100,000 to $300,000, said Peter J. Neumann, director of a program at Tufts-New England Medical Center that measures the cost-effectiveness of new treatments.

Kidney dialysis treatment provides another data point to suggest that estimate is fair. Keeping a patient with kidney failure alive on dialysis costs about $70,000 per year, according to a federally financed survey of dialysis clinics. But no one has suggested that dialysis is too expensive or that it should be limited.

So a year of life is worth at least $100,000.



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{ 2 comments }

1 Anonymous June 11, 2007 at 12:49 pm

Not sure how much my life is worth, but my freedom to make healthcare choices is worth at least a buck o’ five.

2 KoKo June 11, 2007 at 6:55 pm

For some cancer patients, $100,000 barely (?) covers their meds.

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