The U.S. Department of Health and Human Services (HHS) analyzes the benefits, costs, and other impacts of significant proposed and final rulemakings, consistent with the requirements of several executive orders and statutes. HHS develops these analyses according to technical guidance published by the U.S. Office of Management and Budget (OMB) covering all federal agencies and HHS Guidelines developed and maintained by the Office of the Assistant Secretary for Planning and Evaluation (ASPE).
Each year, ASPE updates its default recommendations for several key inputs commonly used in HHS regulatory impact analyses (RIAs). This Data Point updates and reports HHS’s estimates of the value per statistical life (VSL), other values derived from the VSL estimates, and an estimate of the hourly value of time for unpaid activities. This Data Point also updates the monetary threshold used for determinations related to the Unfunded Mandates Reform Act of 1995. All estimates are reported in constant 2023 dollars unless otherwise noted. Unrounded estimates are available in a supplemental table to this Data Point.