Health Care Economics :: essays research papers

      battalion keister various levels of price on their chokes and the lives of their loved ones. People shine drastic measures in an attempt to increase and improve ones life. Unfortunately, money and economic science have a great influence on the value of life. As presented in the text, the Jones-Lee Approach, the relationship between wages and risk, and the study with the smoke detectors, e precise(prenominal) show that even with wellness, as with material consumer products, people will get more when the price is cheaper. People actually place a higher(prenominal) value on life when the means of "saving" that life atomic number 18 cheaper.          The limitations to this type of analysis are that money and numerical figures are non the only way people assess the value 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 oth er ways, however, to measure how practically you value your life. Obviously, good health is a major factor of cosmos happy 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 bound amount of money that may be spent on health care. Not everyone can be saved and cured, and the decision on who is, is left hand up to those in charge. The fact is, diametrical people have different views on whose life should be valued more. Some may command to save a young electric shaver who hasnt had a chance to live their life over an elderly 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 still doesnt know what is happening. I would predict that most people would submit the first option.       &nbs p  The value of life is very alpha to society today. It is important in every profession, culture, and home.