How much is living a pain-free life worth? Economists say up to $145 per day. – Vox

August 28, 2017
 By Alyssa
August 28, 2017
 By Alyssa

How much is living a pain-free life worth? Economists say up to $145 per day. – Vox

Thanks to the steadfast research of Icelandic and American economists, we can now gauge roughly how much a life free from chronic pain would be worth to Americans. The study found that Americans would pay somewhere between $56-$145 to be free from pain. Chronic pain is a significant problem for Americans. Upwards of 45 million Americans are reported to suffer from daily pain, ranging in degree from moderate to severe. The findings from this new study can help the U.S. evaluate new ways of confronting the pain epidemic beyond the use of opioids, which have created an epidemic of their own.

Key Takeaways:

  • Patients often want to take medication that helps them live a pain free life. But they also worry about the added costs that they might incur along the way.
  • Economists think that it could add up to around $145 a day. Living with chronic pain is a substantial hardship for anyone in the country.
  • Talk to a doctor about medical options for the medication itself. That can put people in line to live a pain free life.

“The researchers, using a massive government survey of Americans over age 50, estimated in a new working paper published by the National Bureau of Economic Research that living with chronic pain makes people so unhappy that they’d need to earn between $20,000 and $50,000 per year more to be as happy as they would be otherwise with no pain.”

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