> You could say "if it cost $1b to save this life, we should do it".
This a common, yet unrealistic, hypothetical. In reality, of course, death is inevitable regardless of the economic costs. Past a certain point everybody, so far, has died. The amount of things that we can do in order to prevent any given death doesn't scale with the economic cost, past a certain (quite low) point. Spending 1B on a person won't get you 1000 times better 'medical stuff' than spending 1 million; therefore, a trade-off of e.g. one life for 1B vs 1000 lives for 1m is illusory.
In practice all societies have limited resources. My position is, however, that those limited resources, in the case of an acute health crisis, should be focused as much as possible on mitigating that crisis, without having primary concern for the economic costs.
This a common, yet unrealistic, hypothetical. In reality, of course, death is inevitable regardless of the economic costs. Past a certain point everybody, so far, has died. The amount of things that we can do in order to prevent any given death doesn't scale with the economic cost, past a certain (quite low) point. Spending 1B on a person won't get you 1000 times better 'medical stuff' than spending 1 million; therefore, a trade-off of e.g. one life for 1B vs 1000 lives for 1m is illusory.
In practice all societies have limited resources. My position is, however, that those limited resources, in the case of an acute health crisis, should be focused as much as possible on mitigating that crisis, without having primary concern for the economic costs.