Numbers Don't Lie

Saturday, September 09, 2006

How much do you pay for one extra year of your life?

Medical spending does extend life.
A study published an New England Journal of Medicine (Aug, 2006) calculated that Americans of all ages spent an average of $19,900 on medical care for each extra year of life expectancy gained over the last four decades of the 20th century.
The researchers measured value by the cost of care that extends the average person's life by one year. The $19,900 spent for each extra year of life -- when averaged over 40 years -- would be widely considered a reasonable value. Many public and private insurers routinely pay for treatments that cost up to roughly $100,000 for each additional year of life.

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12 Comments:

Blogger Brooks Smith said...

What type of year do we get for 20 grand? Is it an extra year in my 20s, or an extra year in my ninties?

6:52 AM

 
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Anonymous Ched said...

Too much money.

9:38 PM

 
Blogger Chris Muss said...

depends on the quality of life that you'd get, doesn't it?

12:31 AM

 
Anonymous Anonymous said...

Nice Blog, some interesting info and thoughts, a bit radical for me at times but thats ok.

12:40 AM

 
Anonymous Anonymous said...

Nice Blog, some interesting info and thoughts, a bit radical for me at times but thats ok.

3:37 AM

 
Blogger Forty_Two said...

The value you choose to place upon any individual human life is a function of your relationship to that individual.

6:25 AM

 
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