Trump’s push to open up the economy can bring down the cost of life

Trump's push to open up the economy can bring down the cost of life

The comparison will not be much stark. Gov. Andrew Cuomo of New York said that if everything he did, expensive tests to treat corornavirus could save a life, it would be worth it. US President Donald Trump has another point of view: Costs of the closure outweigh the benefits, often telling the United States that 35,000 people a year die from the flu.

Although it seems crass, the government has actually made a long-term decision when it comes to legislation, called the “cost of living,” which puts a premium on people’s lives. It has been used to determine whether or not to use seat belts, airbags or environmental regulations, but has never been applied in a wide range of health settings.

The question is now an emergency given that Trump in recent days has dismissed the notion that medically transmitted care should be bad. rather than the disease and argued that “many people would die if we allowed this to continue” if the economy continued to shut down. He has been preparing for the return of the non-profit for business by Easter Sunday, April 12.

Critics say it has presented the country with the wrong choice at a time when the number of deaths and infections from the disease has grown.

“We will not accept the fact that human life is wasteful,” said Cuomo, whose state has seen far more disease and deaths from COVID-19 than any other state. “And we haven’t put a dollar to people’s lives.”

For decades, the government has been deciding how the U.S. health insurance policy will affect business. Since the Reagan administration, federal agencies have been evaluating policies that are thought to be worth $ 100 million or more in business.

The Environmental Protection Agency, for example, evaluates cost-effectiveness measures to estimate how much people are willing to pay for a reduction in their risk of death. of the negative effects caused by pollution. The Department of Transportation estimates the additional cost that customers will enjoy for safety improvements at $ 9.6 million.

Now, the push-pull of the market when the coronavirus is hard to answer seems to smell: What is the consumer’s death rate? Depositing dollars to the cost of life and health is uncomfortable, one expert said.

“People hate that question,” said Betsey Stevenson, a economics and public affairs researcher at the University of Michigan who worked at the White House’s Council of Economic Advisers during the Obama administration. “By releasing numbers in a negative way, people complain when they see it.”

The days in itself call for Americans to dedicate themselves to 15 days for a different community, including staying home from work and shutting down restaurants and restaurants to keep them safe. helping try to prevent the spread of the virus, Trump has changed his voice.

Trump has said that “our nation has not been created to be shut down” and has vowed not to allow “the worst treatment ever.”

“LameStream Media was instrumental in trying to get me to our country for as long as possible in the hope that it would affect my election success,” Trump tweeted Wednesday. “People really want to go back to work ASAP. We’ll be stronger than ever!”

He also pushed back against reports that he was cavalier about the prospect of further deaths caused by the early hours of the business reopening. “How many deaths could that apply to me?” Trump told reporters Wednesday night. “No.”

But Democrats say Trump is more responsible for business than health and safety for Americans.

“I would like to say, let’s get back to work next Friday,” said first-lieutenant Joe Biden, the Democratic nominee. “That would be great. But it can’t be arbitrary.”

Trump certainly has his defenders. Fox News reporter Britt Hume called it a “totally reasonable assumption” that older Americans would be willing to sacrifice for the better of the economy, and Texas Lt. Gov. Dan Patrick said he was “all in” on pulling the culture away. orders to help businesses.

Mike Leavitt, secretary of health and human services under the George W. Bush administration, said the outbreak had gone “into a community war” and the the community will need to be repaired in the event of a crisis.

“Every region will never end the same – because every region will have different events about business and re-investment,” Leavitt said in an email.

In recent times, the federal government has also invested dollars into American life following the terrorist attacks, including the 9-11 attacks and the 2010 BP oil spill in the Gulf of Mexico. Mexico, which killed 11 and devastated the region. economy, to compensate the injured.

Kenneth Feinberg, who handles the victims’ income in these cases, says the model used in the nation’s courts is simple: Victims have to rely on them how is life at work but for the dangers that take their lives? On top of that, there are some additional injuries to pain and suffering and anxiety, she said.

Feinberg says, “It was a straightforward thought.

But when it comes to the spread of disease now, Feinberg says figuring out the implications is not easy.

Feinberg said “When some people say, ‘You know the disease won’t be as big as the risk to everybody from bad business,’ this is a choice that everybody should get.” to do, “

The coronavirus, some scientists and policy experts have said has spread across the country in many cases without knowing the function of the cold, cost-effective measures used. implications of policies such as government highway and air quality. rules.

“It doesn’t help save the economy if more people die or get sick and their lives change forever,” said Lisa Heinzerling, who spoke on business management as head of the EPA. office policies started under the Obama administration.

Northwestern University economists Martin Eichenbaum and Sergio Rebelo and German financial scientist Mathias Trabandt said in a working paper published this week that optimism could lead to a recession. Disruption of the deepest recession and economic disruption in the United States is inevitable. But industry experts have also proposed that maintaining social security before the US rates its partners “with an estimated half-million lives.”

David Ropeik, a former professor of risk communication at the Harvard School of Public Health, said the recovery from a commitment to protecting human lives was at the center of the of this nature.

“The benefits of combating all attacks with this virus include acknowledging to the government that the government is one-sided. To counter the fight the question arises whether the government we created how to protect us from something like this problem, “Ropeik, author of” How Comfortable, Really? “

“The loss of that anti-establishment is undermining that belief. How do you make that cost?” he asked.

For most people, the new virus causes minor or minor symptoms, such as fever and a clear cough within two to three weeks. For some, especially older people and people with health problems, it can lead to more serious illnesses, including pneumonia and even death. Most people recover.


Madhani reports from Chicago.