President’s Council of Economic Advisers Calculate the Value of a Human Life

President Trump has declared the opioid crisis to be a national health emergency and appears to be developing the rationale for funding interventions to combat the program. The first step is to update the cost of the opioid crisis.

The President’s Council of Economic Advisers (CEA) recently published a report estimating the cost of the opioid crisis in 2015 to be $504 billion.

For that calculation, the CEA estimated the value of a life to be about $10.1 million.