What’s a year of life worth?
How much is a year of human life worth? Silly question, you say: Everyone knows you can’t put a price tag on a person’s life, whether a year or otherwise. And yet,
In reality, it’s worth $50,000.
That’s the international standard most private and government-run health insurance plans worldwide use to determine whether to cover a new medical procedure. More simply, insurance companies calculate that to make a treatment worth its cost, it must guarantee one year of “quality life” for $50,000 or less.
According to Stanford economists, however, that figure is much too low: They say a more appropriate threshold for deciding coverage is $129,000. But can we really put a price tag on a patient’s life? That’s the question helping to fuel debate over whether Medicare should use cost-effectiveness analysis to determine coverage.
Assigning a dollar figure to Medicare patients’ lives may sound crass, but such valuations are routine in Americans’ daily lives. Take, for example, the $500,000 death benefit the government pays families when a soldier is killed in Iraq or Afghanistan. Or the cost calculations that for-profit health insurers make to determine how much coverage they’ll give customers. In fact, at least some Americans seem at ease with allowing money to play a prominent role in health care decisions. In a 2007 survey of New Yorkers, 75% of participants felt “somewhat” to “very” comfortable with allowing cost to inform Medicare treatment decisions, once they understood how the system worked. “Americans understand and are prepared to engage the issues that arise when setting priorities and limits for their public programs,” Marthe Gold, the City University of New York Medical School professor who conducted the study, wrote with colleagues this past fall in the journal Health Affairs.
But what if that means denying patients life-saving treatment? Is that cost worth it?














Click to Print
Include Comments











back to top7 Comments to “What’s a year of life worth?”
We will never come to a one-size-fits-all value for health insurance. It is a mess as is, and playing these games with money can only make it worse!
A more important question: What is the value of a human soul?
Report comment to moderator
The rise of centrally managed/centrally funded health care will accelerate the imposition of uniform criteria for procedures. It is inevitable.
And we will have a bureaucracy similar to the DMV or Post Office to deal with on all health matter as well.
Report comment to moderator
I guess this is where I fall back on the Lord determines the length of a person’s life.
My father was bedridden the last two years of his life, wouldn’t talk to me, looked like a concentration camp survivor, and spent his days watching garbage television. I don’t know how much his full time care cost, my brother handled the money end, but I wondered why God let him live when he obviously was failing.
He was rescuitated several times. As the power of attorney for health care, I allowed a feeding tube to be placed–which he didn’t like. But I knew he was afraid to die and I don’t believe in euthanasia, even if it were legal–because God needs to determine the length of our days.
One day while praying about the above, I asked, “Lord, why don’t you let him die?” No real answer other than a “sense” Dad wasn’t finished yet. But what could he do?
Nothing. Except by living long enough that my brother began to make his peace with him. When he finally did die, “How did that happen?” my brother blurted out when I called with the news, it was okay. A lot of the anger and bitterness which had played such a large role in the relationship had dissipated.
Was all the money we spent worth it? I think so.
But I couldn’t have guessed that when we were in the middle of it. So, I like to leave life in God’s hands–where it’s safer and far more “economical” in a hundred ways anyway.
Report comment to moderator
There’s no way to avoid cost considerations. The whole premise of insurance is that a whole lot of people pay a little because they know that a few of them will need to pay for a lot of treatment.
But technology is developing ways to do something for more and more people. Suppose technology were available to save the life of each person for one extra year, at a cost of half of that person’s lifetime earnings. Insurance is no help in that situation, because everyone is going to need the same huge amount. But with technology we’re moving in that direction, where more and more people’s lives can be lengthened at a very high cost.
There’s no easy way to figure out where to draw the lines. But they do have to be drawn somewhere, by someone. The resources to pay for healthcare simply are not unlimited.
Report comment to moderator
Here’s another angle–in our area it is becoming almost impossible to have a home birth because of malpractice insurance fears of doctors who refuse to back up midwives (midwives by law must be sponsored by a physician). This speaks to part of the expense of medical care.
Those who would choose “cheaper” medical options are denied them because of regulation and politics, so each birth around here costs much more than it would “have” to.
Close to this topic is the tendency to test not for information, but rather for protection from lawsuits. Then there is the reluctance to allow v-backs, resulting in expensive c-sections…
I’d guess this holds true in other areas of medicine as well.
Report comment to moderator
Momof5, I know what a v-back is, but I doubt everyone does.
(It’s a vaginal birth after a C-section.) My sister lives in Alabama, where midwives cannot practice, but she’s in an area with bad doctors. She has to drive to Tennessee for a midwife.
I had a co-worker once who had all kinds of medical problems. One day the doctor discovered she was a bit anemic. Though anemia was a side effect of one of her medications, he thought there was a remote chance that it was caused by internal bleeding somewhere, so he did a test costing several hundred dollars “just in case.” I rather thought he was covering his tail, and she got the test (1) because the doctor suggested it and (2) because insurance, not she, was paying for it.
Report comment to moderator
Thanks for defining v-back for me, Cheryl!
We recently had a situation in our church where a young husband and father of 3 was badly burned (over 80% of his body). They lived paycheck-to-paycheck, with no savings. The church supported the family and medicaid covered the medical bills. He was in the burn unit for 6 months, lost limbs, and can’t work in his field anymore. It is God’s grace that he’s still here. Society has paid dearly to keep him here…don’t know if his youth figured into covering his care, but I know it cost in the hundreds of thousands of dollars to keep him alive. It really personalizes the dilemma.
Report comment to moderator
back to topJoin The Conversation
You need to be a registered user of WORLDonTheWeb.com to "join the conversation."
If you are not a member yet, what are you waiting for? Register / Login Now!