Business

If you ain't [worth] no money take your broke ass home!

pO157.

Posted to Business on Thu Jun 14, 2007 at 05:34:19 PM EST (promoted by port1080). RSS.

525,600 minutes, 525,000 moments so dear
525,600 minutes how do you measure a year?
In daylights, in sunsets, in midnights, in cups of coffee
In inches, in miles, in laughter, in strife?
In 525,600 minutes - how do you measure a year in the life
How about... money?

How much is a year of healthy human life work? Some health care administrators are trying to calculate just that. This is a pressing issue because society underwrites a large portion of health care costs, and spends a ton at that.  

How do you put a value on a year of a person's healthy life? A quick answer suggested by medical administrators is related to dialysis. A year of dialysis needed to help keep those those with chronic kidney problems alive runs about $70,000. Therefore, you could ballpark a year of quality healthy life at about $100K (USD) a year or more, which is comparable to studies of americans and their estimations of what their life is worth.

The exact numbers in the study by researchers were obtained by asking patients how much risk of death they would undertake in order to be cured of hypothetical diseases with various symptoms. Based on these results each condition could be assessed for an economic value of loss on a persons life based on both life expectancy and decreased quality.

These results are argued to be important because they can be used to financially justify certain treatments -- for example, some cancer drugs are relatively ineffective and only prolong life by a few weeks, but can run in the millions according to study researchers. Are they a good investment? For example, would a $200,000 treatment to restore vision to a blind man be a good investment if he is expected to only live another 3 years? If the quality of life score assigned to blindness is 0.75 (compared to a healthy 1 or a dead 0, and some diseases actually rate in the negative numbers) and the value of a year of normal life is $100,000 it may not be a good investment according to the economists.

Of course, we are spending more per year on those with health issues, and with a few exceptions most hospitals will pour the money out to prolong patients lives. Almost nobody ever wants to give up on those who are close to death, which is why patients with terminal conditions get expensive treatments. Those patients could be us someday in the future, after all...

Tags: edited by Port1080, written by pO157, health care, hospitals, AIDS, Rent, Economics, Dialysis, Hip-Hop Headline (all tags)

This story: 7 comments (5 from subqueue)
Post a Comment
4

A thought experiment

secretpath.

Fri Jun 15, 2007 at 02:45:57 AM EST

4.00 (funny, brilliant)

If you can assign a value to one year of happiness, then how much will it cost to buy insurance against sadness?

Everything that needs to be said has already been said, but since no one was listening, we must begin again. -Andre Gide

6

Health-Administrator Assisted Suicide

3fingerspointback.

Sun Jun 17, 2007 at 10:27:20 PM EST

4.00

Yeah, let's see anyone try to put this into practice, and see how long it takes for old voters and their families to get mad at the fact that they're now at the bottom of the queue.  If private care companies did this, we'd be on a single-payer system by the next election cycle.  And if the government did it, vice versa.

(is 3fingerspointback)

7

^ 6

Re: Health-Administrator Assisted Suicide

pO157.

Sun Jun 17, 2007 at 10:31:12 PM EST

none

That is always the problem, isn't it? Thinking of the commons is always a wonderful idea, until you realise that your number just came up and the bean counter in human resources says the cost of your new heart is much too high. Then it's time to defect, a la game theory.

Not that I am saying an idea like this one is a good thing. Hell, even if it was it could never be implemented for the exact reasons you mention.

1

Re: If you ain't [worth] no money take your broke

thefadd.

Thu Jun 14, 2007 at 05:59:11 PM EST

none

The thing that is on life support is the current US health care system. First of all, physician assisted suicide ought to be legal, regulated and available. A great many people don't want to be kept alive. Why are we paying to do it?

Second, no one likes the managed care monopoly except the monopolists themselves and the politicians they fund. Doctors don't like it and it doesn't give consumers the value they need. They serve no purpose in the equation. They've simply managed to insert themselves in it. There are many cures and treatments out their today from places like India for example that are known to us and available at cost effective rates. But the FDA won't let them in so that big pharma can study and make their own, more expensive versions. It's time to end that monopoly.

Any other discussion is simply feeding into the bean counters we're allowing to leach off of us.

make it rain you nappy headed ho's

5

^ 1

Get Joe Francis on the line!

gerrymander.

Fri Jun 15, 2007 at 05:09:02 PM EST

4.00 (funny)

First of all, physician assisted suicide ought to be legal, regulated and available.

Why "physician assisted?" Getting past the doubleplus feelgood lingo, you're talking about legalizing accessory to murder for one specific murder type. There's nothing 7+ years of medical training can provide which can't also be otherwise obtained through a bullet, a well-braced Colt .45 and a piece of twine. And the gun can be amortized.

Then again, why stop at "cheap" when the entire operation can be a profit center? Add the cost of a video camera, an editing PC and a standard legal form, and you've got the makings of the "World's Fastest Suicides!" DVD series. Take a few minutes for a teary-eyed "Good-bye, cruel world" expose with the interviewees, the BLAM! Zero cost to the deceased, and footage to reuse for the "WFS It's Rainin' Brains!" best-of compilation.

2

^ 1

Re: If you ain't [worth] no money take your broke

pO157.

Thu Jun 14, 2007 at 08:07:55 PM EST

none

The thing that is on life support is the current US health care system. First of all, physician assisted suicide ought to be legal, regulated and available. A great many people don't want to be kept alive. Why are we paying to do it?

That, and legalize medical marijuana. Just saying. And the importation of drugs from Canada. Seriously, WTF --- you send the same meds off to Canada and suddenly they become scads cheaper?

Second, no one likes the managed care monopoly except the monopolists themselves and the politicians they fund. Doctors don't like it and it doesn't give consumers the value they need. They serve no purpose in the equation. They've simply managed to insert themselves in it. There are many cures and treatments out their today from places like India for example that are known to us and available at cost effective rates. But the FDA won't let them in so that big pharma can study and make their own, more expensive versions. It's time to end that monopoly.

You know, I wondered about the same thing when a friend of mine got violently ill one time over the weekend when the doctors office obviously wouldn't be open. We went to a private "Urgent Care" center -- basically a nice upscale private ER (leather couches, HDTVs, etc in the waiting room) right next to the NO <insert state medicaid plan here> accepted signs and signs stating that if you had an emergent condition the nurse reserved the right to ship your ass out via ambulance at your own expense (to avoid EMTALA shenanigans).

Anyway, not a major life threatening illness, but for up front cash on the AmEx you could be seen by a board certified Emergency Medicine doc within minutes and have all your labs done while you wait in air conditioned comfort with coffee or bottled water, etc. Basically the whole place was marketed to upper-middle class types who didn't want to go to the inner city urban hellhole ER and wait 47 hours to be seen by a sketchy intern who hasn't slept in 91 hours. Everytime I go to a city I see billboards advertising places like this all along the interstate now. Only in America can you actually have folks profiting off the f'd up medical system by simply offering what should be standard quality care. But, I digress. An interesting aside would be how facilities like this are screwing over the big mainline hospitals, but I'll leave that for another day.

Anyway, the point is that I could see the country moving toward a more free market health care system where the big HMOs and whatnot get muscled out simply by folks who have dollars and want quality service. Unfortunately, as currently designed such a system would royally screw over the poor and chronically ill, but you have to break some eggs to get an omlette I suppose.

It's worth a serious discussion, at the least!

3

^ 1

Re: If you ain't [worth] no money take your broke

pO157.

Thu Jun 14, 2007 at 08:14:12 PM EST

none

They serve no purpose in the equation. They've simply managed to insert themselves in it. There are many cures and treatments out their today from places like India for example that are known to us and available at cost effective rates.

Jesus, it must be the 3+ beers I've had in the past hour but I forgot to mention what I was originally gonna post. I talked to a good friend of mine from India and she swears up and down that Indian docs are head and shoulders better than the US ones. Her logic? Well, most Indian docs get western style training, plus they see ever type of 3rd world hellhole type of disease or condition on a regular basis, so they are trained to consider EVERYTHING. Also, they usually grew up "in the village" (which is apparently Indian for "hell on earth existance") which means they had no access to medical care as children and as such learned all the traditional methods of healing. Therefore, put all of those powers together and you get some kind of Captain Planet-esque super doctor thing going on. Plus, you can fly there for "medical tourism," and pay them a pittance and they'll do all of the complicated procedures for you that would cost tens or hundreds of thousands in the US.

I'm sorry, I'm just loaded right now.

This story: 7 comments (5 from subqueue)
Post a Comment