Word: cost-benefit
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...Morganza no longer seems as inevitable as it did last year. The Corps has agreed to review its original cost-benefit study, and a preliminary analysis suggested that building the levee according to real 100-year standards could cost $10.7 billion - a 1,200% increase. Meanwhile, Governor Jindal has convened a science panel to review whether Morganza is consistent with restoration plans. Even Keith Magill, the editor of Houma Today, wrote a brave column suggesting that the new cost figures represented "the end of Morganza as we know it," and praising a levee alignment proposed by environmentalists that would still...
...bible may teach that human life is priceless, but in my early years as Inspector General, I heard rumors that a Federal Aviation Administration study assigned a worth to the average passenger who might die in a plane crash. In its cost-benefit analysis, the rumor went, the FAA easily determined that the value of those lives didn't amount to much compared with the hard, cold billions that saving them would cost in aircraft-safety devices, in beefed-up monitoring of planes, pilots and air traffic, and in airports hermetically sealed against bombs and hijacking...
...study by Stanford and University of Pennsylvania researchers, about $129,000. Using Medicare records on treatment costs for kidney dialysis as a benchmark, the authors tried to pinpoint the threshold beyond which ensuring another "quality" year of life was no longer financially worthwhile. The study comes amid debate over whether Medicare should start rationing health care on a cost-effectiveness basis, as many other nations do. While the Stanford figure may seem low, it's actually an upward revision. The number most cost-benefit analyses use to determine whether to cover a new medical procedure is a mere...
...Stanford researchers caution that if Medicare fully adopted a cost-benefit analysis model, too many patients could be denied life-saving treatment. They return to the example of dialysis patients. Their study showed that for the sickest patients, the average cost of an additional quality-of-life year was much higher - $488,000. "It is difficult to justify the burden and expense of dialysis when persons have other serious health conditions such as, for example, advanced dementia or cancer," says co-author Glenn Chertow, a nephrology professor at the Stanford School of Medicine. "In these settings, dialysis is unlikely...
...China’s Tsinghua University on a long-term study designed to evaluate the country’s emission-control policies. The project uses an interdisciplinary approach that incorporates atmospheric and economic modeling and health risk assessment, according to the speakers. This involves comprehensive inventories of emissions and cost-benefit analyses of alternative national policies to control pollutants. “Our primary goal is not to change policy,” Nielsen said. “Our goal is to build the scholarship.” He called for peer-reviewed, published studies on the topic to complement...