How much is your life worth?

How much should we value life? This is the question put forth in an interesting book by Howard Steven Friedman called Ultimate Price. The book reviews how economists, policymakers, philosophers and others place a monetary value on life. This could be a value courts place when making awards in lawsuits due to harm or death, the value policymakers place on regulations that would be costly to businesses but improve health, or the value that health technology assessment institutions use to determine whether to cover a particular drug or medical treatment.

The book notes some oddities of the court system.

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