It really comes done to an economic consideration - what is the cost per life saved? And is it really worth it? Flattening the curve gives ICU patients a better chance but comes at a cost.
For example in engineering something there is always consideration of risk to human life (eg locating a new dam and the risk of failure causing downstream deaths) - in some circumstances a $ value is assigned against the death of a single person and I've seen $1M used on occasion, but it's very subjective.
Last edited by mauserand9mm; 05/07/20.