Quantifying the Value of Human Life for Cost Accounting of Safeguards: Clarifying Formulas Applied to the Clozapine Controversy
Arnold, L. Eugene
Journal of Clinical Ethics. 1992 Summer; 3(2): 103-108.
...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 to the example in a systematic mathematical fashion: (1) Is it justified to use tax money to pay for the CPMS? (2) Does it make sense for an individual patient who cannot afford the safeguard to risk a "bare" trial of the treatment? (3) Is the CPMS inherently cost-effective for a self-supporting, self-paying patient?...
Costs and Benefits; Decision Analysis; Decision Making; Drugs; Economic Value of Life; Economics; Federal Government; Food; Government; Government Financing; Government Regulation; Health; Health Care; Industry; Justice; Life; Mortality; Obligations of Society; Patient Care; Patients; Public Policy; Quality of Life; Regulation; Remuneration; Research; Resource Allocation; Risk; Risks and Benefits; Schizophrenia; Selection for Treatment; Toxicity; Value of Life;
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Webb, William L. (1992)...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 ...