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How muchvalue do you put on an acre of forest?
What value has one year of your life?
What value has our health?
How much is the value of an acre = 4046.856 m² of land?|
Imagine the ocean level rises 8 ft HOW many acres are lost ..
What is the the economic value of Nature?
Is rainforest more worth
than the value of the tree trunks?
Give us your opinion! - Ask your questions by email!
There is an ongoing debate:
How to put a Dollar amount on:
ONE year of your life?
In theory, a year of human life is priceless = = In reality, it's worth $50,000
That's the standard most private and government-run health insurance plans use to determine whether to cover a new medical procedure.
More simply, insurance companies calculate that to make a treatment worth its cost, it must guarantee one year of "quality life" for $50,000 or less.
Do you agree?
Other studies have shown that the average value of a year of quality human life is actually closer to about $129,000 when we use kidney dialysis as a benchmark. Every year dialysis saves the lives of hundreds of thousands of Americans who would otherwise die of renal failure while waiting for an organ transplant. It is also the one procedure that Medicare has covered unconditionally since 1972 despite rapid and sometimes expensive innovations in its administration.
But as health care expenses rise and entitlement programs grow fiscally strapped — at least one part of Medicare is now expected to be bankrupt by 2019 — more and more academics have called for a new approach. Such a move would mean that if the incremental cost of a new technology was more than the threshold, then the recommendation would be that Medicare has not the money to cover that new technology.
Assigning a dollar figure to Medicare patients' lives may sound crass, but such valuations are routine in Americans' daily lives. Take, for example, the $500,000 death benefit the government pays families when a soldier is killed in Iraq or Afghanistan.
Or the cost calculations that for-profit health insurers make to determine how much coverage they'll give customers.
Do you agree?
Why Nature conservation?">
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