Discuss about the potential conflict

Reference no: EM132114710

Question: Researchers at Stanford and the University of Pennsylvania estimated that a healthy human life is worth about $129,000. Using Medicare records on treatment costs for kidney dialysis as a benchmark, the authors tried to pinpoint the threshold beyond which ensuring another "quality" year of life was no longer financially worthwhile. The study comes amid debate over whether Medicare should start rationing healthcare on the basis of cost effectiveness.

How does the potential conflict between self-interest and the social interest complicate setting a financial threshold for Medicare treatments?

Reference no: EM132114710

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