Steve:
The U.S. Senate is considering a House bill calling for risk
assessment and cost/benefit analysis for all new environmental
regulations. To flesh out the cost/benefit part, the U.S. EPA
recently concocted a scenario involving costs and benefits of
implementing certain new requirements for water pollution control
(I believe it was specific to the Great Lakes region).
To complete the equation, EPA assigned a dollar value to human life
of between $2 million and $10 million. If this bill becomes law,
the final arbiter of such economic assumptions would be the OMB
(Office of Management and Budget).
What are your thoughts on this matter? Is $2 million to
$10 million a fair estimate of the value of your life?
Al
[EMAIL PROTECTED]
