Re:Sweden: higher Covid-19 death rate while failing to colle...
by ashtonkem on Wednesday July 08, 2020 @02:25AM
(#23767409)
To my knowledge all modern nation states have some sort of stat like that; it’s either relevant for healthcare expense planning, or disability/life insurance schemes. I believe the US rates it down to the value of each limb for the latter; and my private AD&D insurance does the same.
Casually? Sure that’s not good. But we weigh human life against cost all the time.
In the U.K. they value 1 QALY (Quality adjusted life year) at $50k. It’s very explicit.
People forget that economic activity is what pays for healthcare, welfare, etc.
You can’t ignore economics.