Health Care Economics :: essays research papers

     People base various levels of price on their lives and the lives of their loved ones. People take forceful measures in an attempt to increase and improve ones aliveness. Unfortunately, money and economics vex a great influence on the quantify of life. As presented in the text, the Jones-Lee Approach, the relationship between wages and risk, and the study with the smoke detectors, only line of battle that even with health, as with material consumer products, people will purchase more(prenominal) when the price is cheaper. People actually place a soaringer tax on life when the means of "saving" that life are cheaper.          The limitations to this graphic symbol of analysis are that money and numerical figures are not the however way people assess the protect of life. Placing a monetary value on life depicts how people react to prices as they do with all goods they purchase. There are many other wa ys, however, to measure how much you value your life. Obviously, good health is a major factor of being halcyon and satisfied with your life. However, people also place family, friends, and self-realization very high on the list of value.          Every year, the United States allots a limited nub of money that may be spent on health care. non everyone can be exceptd and cured, and the decision on who is, is left up to those in charge. The fact is, different people have different views on whose life should be valued more. Some may want to save a young child who hasnt had a chance to live their life over an sr.ly person who has lived a long fulfilling life. Others, however, would place the elder higher because they are wiser and more experienced, while the young child unperturbed doesnt know what is happening. I would predict that most people would choose the startle option.          The value of l ife is very important to society today. It is important in every profession, culture, and home.