Commentary on "Quantifying the Value of Human Life"
Webb, William L.
Journal of Clinical Ethics. 1992 Summer; 3(2): 111-113.
...In his article, "Quantifying the value of human life for cost accounting of safeguards," L. Eugene Arnold proposes a cost-benefit analysis to address three allocation issues concerning the very expensive program of blood monitoring proposed by Sandoz at the time it placed Clozaril...on the American market....It is important to realize that the use of seemingly value-free procedures to arrive at answers to ethically complex questions does not eliminate the values that underlie the choice of variables to be analyzed. The analyses employed by the author to three ethical questions illustrate this point very well....
Blood; Costs and Benefits; Decision Analysis; Drug Industry; Drugs; Economics; Financial Support; Government; Government Financing; Health; Health Care; Industry; Justice; Life; Patient Care; Patients; Psychoactive Drugs; Public Policy; Remuneration; Resource Allocation; Risks and Benefits; Schizophrenia; Value of Life; Values;
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Quantifying the Value of Human Life for Cost Accounting of Safeguards: Clarifying Formulas Applied to the Clozapine Controversy Arnold, L. Eugene (1992)...Using the cost of the Clozaril Patient-Management System (CPMS) as an example, this article develops mathematical formulations to quantify the decision-making process in a logical manner. It explores three questions related ...