There are a number of tools economists, government agencies and lawyers use to translate a death or injury into financial terms, says today’s Wall Street Journal. “These include deriving estimates from surveys about how much value people would place on, say, losing a limb or their sense of hearing; creating a life plan for medical care to estimate long-term expenses; and basing the value of a lost life on how many years it likely would have lasted if not for the unforeseen event that ended it. Feinberg said ze doesn’t take any of these into consideration. “It simply is not doable in the timeframe needed to streamline the program and get money out the door,” ze said. “I don’t think external resources are going to help you very much in what is essentially an emotional assignment.”
“As for parsing such factors as the age of victims, Feinberg said, “Spare me. You’re tying a program like this up in knots.” Ze added, “There is no substitute for getting money out the door.”
“Also, no donors specifically indicate they want their contribution to go to the neediest victims, Feinberg said.
“Kaitlynn Cates, a marathon spectator who suffered a severe calf injury, said ze understood a “sense of immediacy” demanded Feinberg disburse the funds quickly, and not based on a forensic analysis of need. If one victim was no longer able to provide for five children, “I would be the kind of person who says give it to the five children before you give it to me, but I understand from higher levels that would cause problems,” Cates said. Continue reading “Accounting for victims”