Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (4997)	6/16/2001 11:54:46 AM
From: Ilaine	Read Replies (1) of 74559

Health care is now 15% of GDP. I recently was quite surprised to find out that bone marrow transplants cost $100K to $500K - in addition to the surgery, there is lengthy hospitalization due to immunosuppression. Still, what is the value of saving a life? Depends on whether the person is a productive member of society, of course - and the cost of care while the person dies isn't cheap, either. I was listening to Michael Milken on the radio last week - he is doing a lot of charity work for cancer research - his estimate, based on research done at the University of Chicago, of the economic value in the US alone of eliminating deaths by cancer is $46.5 trillion. mikemilken.com

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