These days you can put a dollar value on almost anything. I was just wondering if there was any studies on the dollar value of good health, and what the general thoughts were on this. Any value suggestions are good.
Of course you could put a dollar value on it, and it’s most definitely not infinite or priceless. That happens when people have to pay for health care. "Good health" is too unspecific though, there is no measurable transaction to gain "good health". But you could specify things and certainly measure the value of fixing a broken leg or getting a cancer removed or getting a heart bypass.
The problem when it comes to placing a value on things is that societies always treat healthcare differently from other markets, so that we usually don’t get a chance to price the market and see what happens.
Either you get socialized medicine where health care is nominally "free", but the government makes the decisions about rationing, and so the government actively denies service and condemns the unlucky people to pain and death (which happens in ALL universal coverage scenarios, without exception). Or, you get an equally dysfunctional system like in the U.S. where the consumer is shielded by the cost if they are well covered by 3rd party insurance, but some people are not covered and the system is inefficient and distorting market signals.
So the answer is that governments and insurance companies place a specific value on "good health" all the time, but it’s not necessarily an accurate measure of that value, as value is usually discovered and measured for every other thing in the economy.