The US government attempted to put a dollar value on human life in compensating the families of the victims of 9/11.
All awards are tax-free. No family of a deceased individual will receive less than $300,000 and awards of more than $4.5 million will be rare. Government analysts estimate that families will receive an average award of $1.85 million and that the Fund will cost taxpayers between $6 billion and $10 billion.
The British healthcare system has a weird calculation called
QALY that puts a value on each year of life. It works out to about $30k-$45k per year. So if a 4-year-old needed a $5 million operation to cure her the national insurance would not cover this. The parents can pay if they'd like. Our own health care insurance also make's these judgements about what they will or won't pay for.
Stupid kids, they had it coming. Is that better Mr Bill.
To a certain extent, YES. Kids find all sorts of ways to hurt themselves. I chipped my tooth playing dodgeball when I was 9 and it's still costing me money. I don't run around saying all kids should wear mouth guards in gym class. If most of these injuries are described as
relatively superficial first or second-degree burns, where children are treated for reddened skin or blisters and released from the Emergency Room with topical treatment. Of all the ways they hurt themselves this doesn't freak me out.
I tried breaking the cost down in my own arbitrary way on how this money would get divided based on the level of injuries and pain and suffering and TR's costing $0.50 more, or just $37.50 per house.
Injury: $5,000
(as described above)
Hospitalized: $235,300
Death: $50,000,000
I still think these look high for the public to be paying the cost. If $5 million is too much for medical care to save a child's life why is $50 million reasonable for the electrical industry to save a child's life.
