Calculate the cost of the expansion per life saved

Reference no: EM131490425

Question: According to Currie and Gruber [1996], the expansions of Medicaid in the 1980s led to a decline in child mortality of 5.1 percent. They calculate that the cost of the expansion per life saved was about $1.6 million. How would you determine whether or not the Medicaid expansion passed a cost-benefit test?

Reference no: EM131490425

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