Granny and the Anti-Capitalist Cliff

August 27, 2012 08:28

Obama’s “Regulatory Czar” has said in essence that their should be death panels. That the seniors may not deserve the same treatment as younger people.



Ron Pisaturo has the story:


… this quotation is important:

In protecting safety, health, and the environment, government has increasingly relied on cost-benefit analysis. In undertaking cost-benefit analysis, the government has monetized risks of death through the idea of the value of a statistical life (VSL), currently assessed at about $6.1 million. But the government should rely instead on the value of a statistical life-year (VSLY), in a way that would likely result in lower benefits calculations for elderly people, and higher benefits calculations for children. The hard question involves not whether to undertake this shift, but how to monetize life-years, and here willingness to pay (WTP) is generally the place not to end but to begin.

… by Cass R. Sunstein,… Obama’s regulatory czar.


… He writes,

If a choice must be made, a doctor might reasonably decide, [] that she will perform a difficult operation on someone who is thirty rather than someone who is eighty. And if the public health community has to allocate scarce resources, an inquiry into QALYs seems like a sensible place to start. [pp. 245-246]

‘QALYs’ are ‘quality-adjusted life-years’, one of Sunstein’s variations on his basic ‘life-years’ theme.


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