Bush administration policy that proposed using a lower value for a person over 70 compared to a younger person in regulation calculations has been dropped.
"A Bush administration policy to base some regulations on a calculation that the life of each person older than 70 should be valued less than the life of a younger person has antagonized older Americans and environmental groups, and it has stirred tensions among federal agencies.Instead of the traditional assumption that all lives saved from cleaner air are worth the same, administration officials in two environmental studies included an alternative method that used two values, $3.7 million for the life a person younger than 70 and $2.3 million for an older person, a 37 percent difference."
Thanks to Abhijeet Chavan
FULL STORY: E.P.A. Drops Age-Based Cost Studies
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