The Forum > General Discussion > Life is sacred but is it worth US$300 a day?
Life is sacred but is it worth US$300 a day?
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Even if we ran the most efficient healthcare system possible, cutting costs, and profits, to the bone there would always be case where a patient could only be kept alive at very high cost. The example quoted in the NY Times article is just that; an example.
There is, THERE HAS TO BE, a difference between the subjective value we place on our own lives and those of our loved ones, and the amount Medicare can spend on prolonging that life.
I place infinite value on the lives of my children. If the cost of saving either of their lives consumed Australia's entire healthcare budget for the next ten years I would consider it money well spent.
But would you be willing to see a decade's worth of healthcare expenditure devoted to saving the life of one person no matter what subjective value I place on their life?
Obviously not.
Therefore we need to set some sort of boundary. My question is this:
How much should Medicare be willing to spend to prolong life for one year?
You want to ask an equally valid but DIFFERENT question:
Are the pharmaceutical companies screwing us?
The short answer is "yes".
See:
http://www.mingbaima.com/2009/06/a-reply-to-peter-mansfield-of-healthy-skepticism-part-1/
http://www.mingbaima.com/2009/06/what-is-wrong-with-jupiter/
But resources are finite and we still need an answer to my question. Would you like to suggest a number?
John D
My grandfather, a heavy smoker, died of lung cancer. My aunt finally died after 10 years of Alzheimer's. Both are horrible ways to die but if I was compelled to choose I would take the cancer.
Reality Check:
On average prescription medications account for only about one sixth of lifetime healthcare costs. See:
http://www.pubmedcentral.nih.gov/articlerender.fcgi?artid=1361028
So even reducing these to zero would do little to tame the seemingly inexorable rise in healthcare costs. The biggest villain is probably unnecessary procedures. See:
http://www.mingbaima.com/2009/07/the-most-dysfunctional-group-of-doctors-in-the-world/