Thursday, September 18, 2014

Harris Worthman, Chapter 5, Question 7

Can you put a price tag on a human life? The economists in charge of the doctors at many hospitals would say "Yes" despite how morbid it sounds. According to Naked Economics this happens all the time and many cruel and unethical decisions have been made to save money. Wheelan's first example portrayed a patient complaining about a headache, dizziness, and ear bleeding. The doctor prescribes aspirin after talking to his higher ups. This in itself frustrates me because if a parent acted the same way to his/her child it would be considered neglect and ignorance, but since it's a bunch of economists acting in this manner it's just considered business. Wheelan, in his second example, paints an even more horrific picture. He states that many stories exist of economists deciding to not allow life-saving operations to occur because of money. This means that those in charge of our health think of us as mere investments. If there is a low chance of "their" money being payed back they make a decision that only the patient, patient's family, or God himself can make–whether or not the patient should enjoy another day. $$$$$=EVIL

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