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Does each life saved thanks to confinement have a cost of 6 million euros for the community?

2020-10-30T14:51:00.417Z

THE VERIFICATION - This is the assessment of the first wave of the epidemic and the containment of last spring according to economist Patrick Artus.



THE QUESTION.

Health has no price but it has a cost, as everyone knows, and you don't have to be an expert on Social Security accounts to have noticed it one day.

However, the question has become frighteningly relevant with the Covid-19 epidemic.

And it does not relate so much to the hospital care implemented to treat the sick as the cost of the economic recession caused by the confinement.

"A month of strict confinement costs, in the short term, five points of GDP, the gross domestic product (annual)"

, recalls Patrik Artus, the director of research of Natixis, undoubtedly the most media economist in France for the clarity of its analyzes.

Knowing that

"a point of GDP represents 24 billion euros",

he explains in the newspaper Le Monde, and that

"data from epidemiologists"

showed that 20,000 lives had been saved in one month, "life is very expensive

"

, or about 6 million euros, concludes Patrick Artus.

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Source: lefigaro

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