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      EPA knocks $900,000 off value of a life - raises bar for safety regulations

      Posted by Jeff from MSNBC

      The "value of a statistical life" is $6.9 million in today's dollars, the Environmental Protection Agency reckoned in May - a drop of nearly $1 million from just five years ago. When drawing up regulations, government agencies put a value on human life and then weigh the costs versus the lifesaving benefits of a proposed rule. The less a life is worth to the government, the less the need for a regulation, such as tighter restrictions on pollution.

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    Jeff

    Member since Aug 2008

    Jeff is the founder of NewsCloud. He is also a freelance writer and blogs at Idealog.

    Seattle


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