PMID: 589386Dec 24, 1977

What is the monetary value of a human life?

British Medical Journal
W I Card, G H Mooney

Abstract

The resources available to the health service are limited and so the amount the NHS can spend on saving human life is also limited. Rational allocation of resources requires a decision theory model, which in turn demands some monetary valuation of human life. Each of three approaches discussed--basing value on productive capacity, the NHS's implied values, or individuals' values--rests on an underlying set of non-monetary values. Choice of the underlying value will determine the method to be used in placing a monetary value on life. As the Health Service implicitly places certain values on life already, a means of making this valuation more rational and explicity can only improve the quality and quantity of health care.

Citations

Oct 3, 2008·International Journal of Technology Assessment in Health Care·Adrienne F G GoebbelsJohan L Severens
Mar 1, 1979·Journal of Epidemiology and Community Health·T Sherwood
Sep 23, 1978·British Medical Journal
Mar 1, 1984·Controlled Clinical Trials·B S Hawkins
Mar 1, 1979·Journal of Medical Engineering & Technology·R E Trotman
Apr 1, 1986·Accident; Analysis and Prevention·G Maycock
Sep 16, 2004·Value in Health : the Journal of the International Society for Pharmacoeconomics and Outcomes Research·Hans-Georg EichlerBengt Jönsson
Aug 1, 1983·The Journal of Hygiene·D R CohenG M Paterson
Oct 1, 1981·The British Journal of Radiology·G H Mooney
Aug 27, 2016·Informatics for Health & Social Care·Frederic VannieuwenborgDidier Colle
Aug 8, 1984·Evaluation & the Health Professions·P N Joglekar
Feb 5, 1983·British Medical Journal·R Doll
Oct 1, 1992·Journal of Epidemiology and Community Health·J E Gallacher
Mar 1, 1979·Journal of Epidemiology and Community Health·K G Wright
Sep 1, 1978·Journal of Epidemiology and Community Health·F Bryers, V M Hawthorne
Nov 27, 2020·Frontiers in Public Health·Laurent MusangoJoses Muthuri Kirigia

Related Concepts

Decision Making, Shared
Resources
Health Services
Public Health Administration
Paternity Benefits
Value Orientation
National Health Service, British

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