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[[Category:Socioeconomics]]
[[Category:Socioeconomics]]


Costs of Deaths
Side Note: Myocarditis: https://www.eurekalert.org/news-releases/998012


= Core Stats =
This table shows a basic societal cost breakdown of COVID-19 compared to some other debated or regulated causes of death.


Value of a US life: $10MM ([https://www.npr.org/2020/04/23/843310123/how-government-agencies-determine-the-dollar-value-of-human-life source])
Annualized COVID-19 deaths are based on June 2021 numbers. This is the trough of flu season and before the Delta variant has taken hold. It probably will not get better than this for the next 8 months.


US Population: 332MM
$10,000,000 is roughly the legal value of a wrongful death in the United States.


= US Suicide =
QALY stands for Quality Adjusted Life Year - this is a measure of the number of quality years a person has left relative to a randomly selected person. The QALY adjuster for COVID-19 is low because it mostly kills old people. The QALY adjuster for Swimming Pools is high, because swimming pools mostly kill children. The adjusters are ballpark figures.


Annual US Suicides: 48,334 (2018)
{| class="wikitable"
|+
!Name
!Region
!Region Population
!Annualized Deaths
!Life Value
!QALY Adjuster
!Annual Cost
!Annual Per Capita Cost
|-
|COVID-19
|Arizona
|7,520,000
|4,018
|$10,000,000
|0.33
|$13.26b
|$1,763
|-
|Suicide
|United States
|332,000,000
|48,334
|$10,000,000
|1.2
|$580.0b
|$1,746
|-
|COVID-19
|United States
|332,000,000
|127,838
|$10,000,000
|0.33
|$421.87b
|$1,271
|-
|Auto Accidents
|United States
|332,000,000
|37,000
|$10,000,000
|1.0
|$370.0b
|$1,114
|-
|Gun Non-Suicide
|United States
|332,000,000
|13,958
|$10,000,000
|1.2
|$167.50b
|$504
|-
|Swimming Pools
|United States
|332,000,000
|4,000
|$10,000,000
|1.5
|$60.0b
|$181
|}


Annual US Suicide Cost: $480b
To significantly reduce suicide, it would take some fundamental realignment of our societal approach to mental health.


Annual US Suicide Cost Per Capita: $1,446
To significantly reduce auto accident deaths, it would take some significant limitations on people's freedom to drive.


= US Cars =
To significantly reduce gun deaths, we would have to alter or at least dramatically reinterpret the Bill of Rights.


Annual US Car Deaths: 37,000
To substantially reduce swimming pool deaths, we would have to do things like requiring fences around pools - which we do in most urban areas, even though it infringes on individual liberty.


Annual US Car Death Cost: $370b
To significantly reduce COVID deaths, you have to wear a mask when you are indoors with others.


Annual US Car Death Cost Per Capita: $1,114
In Arizona, the highest death cost per capita - even after QALYs are taken into account - also has the lowest personal cost to mitigate.


= US Guns =
When you're indoors with others, wear a mask.
 
Annual US Gun Non-Suicides: 13,958 (homicide, accident, police, undetermined)
 
Annual US Gun Non-Suicide Cost: $140b
 
Annual US Gun Non-Suicide Cost Per Capita: $422
 
= US Swimming Pools =
 
Annual US Drownings: 4,000 (mostly swimming pools)
 
Annual US Swimming Pool Death Cost: $40b
 
Annual US Swimming Pool Death Cost Per Capita: $120
 
= US Masks =
 
Annualized US COVID Deaths: 127,838 (June 2021, trough of flu season, Delta variant not dominant yet)
 
Annualized US COVID Death Cost: $1,278b
 
Annual US COVID Death Cost Per Capita: $3,855
 
= AZ Masks =
 
AZ Population: 7,520,103
 
AZ COVID Deaths Per Day: 11 (June 2021, trough of flu season, Delta variant not dominant yet)
 
Annualized AZ COVID Deaths: 4,018 (June 2021, trough of flu season, Delta variant not dominant yet)
 
Annualized AZ cost of COVID Deaths: $40b
 
Annualized AZ COVID Death Cost Per Capita: $5,319

Latest revision as of 01:39, 14 August 2023


Side Note: Myocarditis: https://www.eurekalert.org/news-releases/998012

This table shows a basic societal cost breakdown of COVID-19 compared to some other debated or regulated causes of death.

Annualized COVID-19 deaths are based on June 2021 numbers. This is the trough of flu season and before the Delta variant has taken hold. It probably will not get better than this for the next 8 months.

$10,000,000 is roughly the legal value of a wrongful death in the United States.

QALY stands for Quality Adjusted Life Year - this is a measure of the number of quality years a person has left relative to a randomly selected person. The QALY adjuster for COVID-19 is low because it mostly kills old people. The QALY adjuster for Swimming Pools is high, because swimming pools mostly kill children. The adjusters are ballpark figures.

Name Region Region Population Annualized Deaths Life Value QALY Adjuster Annual Cost Annual Per Capita Cost
COVID-19 Arizona 7,520,000 4,018 $10,000,000 0.33 $13.26b $1,763
Suicide United States 332,000,000 48,334 $10,000,000 1.2 $580.0b $1,746
COVID-19 United States 332,000,000 127,838 $10,000,000 0.33 $421.87b $1,271
Auto Accidents United States 332,000,000 37,000 $10,000,000 1.0 $370.0b $1,114
Gun Non-Suicide United States 332,000,000 13,958 $10,000,000 1.2 $167.50b $504
Swimming Pools United States 332,000,000 4,000 $10,000,000 1.5 $60.0b $181

To significantly reduce suicide, it would take some fundamental realignment of our societal approach to mental health.

To significantly reduce auto accident deaths, it would take some significant limitations on people's freedom to drive.

To significantly reduce gun deaths, we would have to alter or at least dramatically reinterpret the Bill of Rights.

To substantially reduce swimming pool deaths, we would have to do things like requiring fences around pools - which we do in most urban areas, even though it infringes on individual liberty.

To significantly reduce COVID deaths, you have to wear a mask when you are indoors with others.

In Arizona, the highest death cost per capita - even after QALYs are taken into account - also has the lowest personal cost to mitigate.

When you're indoors with others, wear a mask.