Tuesday, April 13, 2021

WuhanCOVID-An admission from the Australian Govt that lockdowns and border closures have only delayed contagion : Morrison Govt has yet to find a way out of its most expensive in the world COVID response.


Australia's Chief Medical Officer Brendan Murphy says modelling shows social distancing and hygiene measures are 'flattening the curve'.
Time to admit that then Chief Medical Officer,and current Secretary Department Of Health, provided a frightened Morrison Government with poor advice, and that Morrison Government was more concerned about optics rather than good policy


by Ganesh Sahathevan

From the SMH:   

Health Minister Greg Hunt has refused to guarantee Australia’s borders will open even if the whole country has been vaccinated against COVID-19.
“Vaccination alone is no guarantee that you can open up,” Mr Hunt said.


“We still have to look at a series of different factors: transmission, longevity [of vaccine protection] and the global impact - and those are factors which the world is learning about,” he said.“If the whole country were vaccinated, you couldn’t just open the borders.

Dr Omar Khorshid, federal president of the Australian Medical Association, encouraged all Australians to get vaccinated, but he said the closed borders and quarantine regime had been a key part of Australia’s response to the coronavirus.

“One of the reasons Australia has been able to manage this virus better than almost any other nation is that we have been able to control our borders and this will remain the case until we are certain that Australians will be safe,” he said.

International isolation cannot go on indefinitely, and if reopening borders can still  cause a WuhanCOVID contagion problem in Australia, then the lockdowns of the past  year and border closure have simply delayed the inevitable. It is obvious that the Australian Government and its medical advisors have yet to formulate a way out of their panicked, diabolically expensive  polices.

As shown in previous articles on this blog, lockdowns were not the only policy option, and the State and Commonwealth Governments not only panicked, but put political priorities ahead of the health and economic well being of Australians. 


Meanwhile the cost of funding the Morrison Government's COVID policies, which are among the most expensive in the world, can only keep rising:

Australia leads world with $590bn Covid debt spike

Australia’s public debt is on track to rise by more than any other developed nation over the three years to 2022, according to the International Monetary Fund.



END 



TO BE READ WITH 

Tuesday, May 26, 2020

Australia spent FOUR TIMES MORE than necessary to save 14,000 lives: Chief Medical Officer Brendan Murphy has revealed economy crushing lockdown saved about FOUR TIMES LESS the number expected

by Ganesh Sahathevan






Chief Medical Officer Brendan Murphy has been reported telling a Senate Inquiry: 
If we had their (the UK's) death rate and outcomes , we would've had about 14,000 deaths in Australia, not just over 100........ so I think we have done well, we are in a very cautious phase now of trying to move to a living-with-COVID economy."
Based on Murphy's advise the Morrison Government put the economy into lockdown, at a cost to taxpayers of between AUD 200-AUD 300 Billion. Morrison's DPMC's Value Of Statistical Life Guidelines provide that the government can spend about $4.2 Million to save a life. The government does not have a blank cheque, contrary to popular belief.

Rounded up to $ 5 Million taxpayers would have expected that the government intended that  40,000-60,000 lives needed to be saved. 
Saving 14,000 lives should have cost approximately $ 70 Billion, which is THREE TO FOUR TIMES LESS than what has been incurred. 
Put in another way, the number of lives that needed saving was just above FOUR TIMES LESS than budgeted. 

For all this, the person who must bear blame is Brendan Murphy. As reported on this blog, in early to mid January when he should have acted but did nothing, Murphy seemed more interested in playing at being human rights commissioner.

He seems to have then been over-cautious in his advice to government, causing a loss to taxpayers of more than $130 Billion to $ 180 Billion. The cost to the economy as a whole is far greater, and still being tallied. 


TO BE READ WITH



Monday, April 6, 2020


Australia's COVID 19 policies based on modelling that ignores financial costs -Govt seems clueless as to how many lives will be saved in relation to its economy crushing policies

by Ganesh Sahathevan



Australia's Chief Medical Officer Brendan Murphy says modelling shows social distancing and hygiene measures are 'flattening the curve'.
Australia's Chief Medical Officer Brendan Murphy says modelling shows social distancing and hygiene measures are "flattening the curve". Source: AAP
Murphy has recommended policies intended to limit community contagion, but in January insisted that there was little if any risk of community contagion in Australia.

The Australian Government has at least released the modelling that is guiding its COVID 19/Wuhan Virus response, which has  caused the economy to  collapse. 

As before, the modelling makes no mention about the benefits to the whole of the population in the long term. The Government seems to have ignored its own cost guidelines, set out on the  Department Of Prime Minister And Cabinet website, which effectively value an Australian life, on average, at $4.2 Million.

It does now seem as if the Government has allowed itself to spend as much it wants, without any regard to the number of lives that might actually be saved.

END











TO BE READ WITH


Is an Australian life still worth AUD 4.2 Million? Forced shuttering of businesses, massive job losses, loss of wealth implies life is now worth less; Morrison Govt duty bound to ask taxpayers first before spending another cent on its Wuhan Virus stimulus



March 29, 2020






by Ganesh Sahathevan



                                          Even the ABC is worried that things have changed 
                                          forever


An Australian life is worth $4.2 Million. That is the value of a statistical life, or the offical rate that guides Government policy in for example, the cost  of the stimulus and other measures that the Morrison Government is implementing to manage the economic impact of its Wuhan Virus/Covid-19 mitigation measures.


The concept is summarised on the Commonwealth Department Of Prime Minister And Cabinet 
website:


Key Points:

• Willingness to pay is the appropriate way to estimate the value of reductions in the risk of physical harm – known as the value of statistical life.


• Based on international and Australian research a credible estimate of the value of statistical life is $4.2m and the value of statistical life year is $182 000 in 2014 dollars.


• There are complicating assumptions used to derive these estimates so a sensitivity analysis should be undertaken as part of the cost-benefit analysis.


Based on the above , it can be roughly estimated that Australians are prepared to pay, or rather let their government pay on their behalf, say $420 Billion to save 100,000 lives. This is the estimate that the Government ought to be relying on to determine the size of its Covid 19 economic and health package.

However, the Australian Government led by Scott Morrison has imposed on the country what is in effect a ban on trade, which it refers to as "hibernation".
In real terms there has been a forced shuttering of businesses, massive job losses and generally a loss of wealth. Consequently it is likely that the willingness to pay is now less than that $4.2 Million.
Put in another way, the ability to pay has fallen drastically, and that is more likely than not to have adversely affected the willingness to pay.

The  Morrison Government is  duty bound to ask taxpayers first before spending another cent on its Wuhan Virus stimulus. and on the health measures.

END




60,000 lives saved in the present time: Morrison Government's likely estimate of lives saved by his lockdown may be an acceptable lossApril 02, 2020
by Ganesh Sahathevan



Morrison seems to be speaking of lockdowns of three, six, twelve months and more as if Australians
have an infinite capacity to pay



The Morrison Government's $265 Billion stimulus package may be based on the premise that Australian are prepared to spend $ 4.2 Million each, on average, to save an additional life.
(see explanation below).


The workings are straight forward, but Morrison has not been prepared to state the number.
Meanwhile, despite the stimulus, earnings from work and business are evaporating; when that happens the value of life is likely to decline.

When that happens Australians will  the expect  number of lives saves to be higher; so for example if the value of life falls to $2.1 Million, Australians would expect 120,000 lives to be saved. Anything less would be considered an acceptable loss.

Additionally, the the cost to the taxpayer may well be in excess of the $ 265 Billion stimulus for despite the stimulus earnings from work and business are evaporating.
Here again, a loss of 60,00 lives among those who are older or have underlying conditions would be considered an acceptable loss.

What is or is not an acceptable loss is a decision for us to make, not the Prime Minister and his " war time" Cabinet. Ultimately it a decision for taxpayers, not the PM and his Government.

END



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