quality of life

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A life – how much is it worth?

How much is your life worth? Your health? Both in Australia and globally, healthcare costs are rising in real terms and as a proportion of GDP. The discussion around this in the media and policy centres on this fact, and solutions are proposed to change how much we spend; less effort is expended on analysing how we spend it. We propose that health economics is flawed both in its implementation and its theory.