4min chapter

Cautionary Tales with Tim Harford cover image

The Spreadsheet of Life and Death

Cautionary Tales with Tim Harford

CHAPTER

The Senior Death Discount

In health care, it's standard practice to value younger lives more. The reason clive stone initually couldn't get the drug treatment he wanted was in large part because nice had calculated the cost per qually was too high. Conomists are paid to grapple with trade offs between money and life but for many people, it's a taboo subject. But there are trade offs. We can't pretend there aren't. Every easing of a lock down means more risk of infections, tand deaths. How many deaths are we willing to accept to let schools open and give children the education they desperately need? What about swimming pools, coffee shops, hair salons?

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