CHAPTER
25
Better Evaluation of Life-Saving Environmental Regulations
Mr. President, I recommend that you issue a new executive order requiring that cost-effectiveness analyses be conducted for all major health and safety regulations, using a uniform set of protocols. Agencies such as the U.S. Environmental Protection Agency, the Food and Drug Administration, and the Department of Transportation, which issue regulations whose primary benefits take the form of reductions in illness, injury, and premature mortality, would be required to calculate the cost per unit of health benefit (such as cost per quality-adjusted life year saved) using identical methodologies. Such an executive order would facilitate a comparison of the ...
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