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The question doesn't make sense as is. It should be rephrased in marginal terms: if we decide to spend one extra dollar on saving lives compared to today's situ
by cousin_it 6y ago
The question doesn't make sense as is. It should be rephrased in marginal terms: if we decide to spend one extra dollar on saving lives compared to today's situation, how many lives will it save? Also it should be measured in QALYs, not lives. I don't know the exact answer, but I've seen estimates from 20K$ to 200K$/QALY. (That's for the West, in the developing world it's much cheaper.)
- etrevino 6y agoFYI for those who don't know: QALY is Quality Adjusted Life Year. Parent is right that it's problem the best metric to use. I believe that we aren't using it because we don't know the morbidity that results from Covid-19. In other words, we don't know how Covid affects people's long term health. Someone might survive the virus, but end up having long term lung or liver or whatever damage. That reduces their capacity to work and may reduce their lifespan, i.e., their economic output after the life-saving intervention is reduced.
- godelzilla 6y agoCan we add even more pseudo-science though?
- techmaster7b 6y ago$20k to $200k