harness
lborkowski | January 19, 2011In the new executive order, which Rena Steinzor wrote about yesterday, President Obama stated that agencies must "propose or adopt a regulation only upon a reasoned determination that its benefits justify its costs." This isn't a revolutionary requirement; public-health agencies are already required to demonstrate cost-effectiveness of proposed regulations. For instance, when Occupational Safety and Health Administration recently revised its crane and derrick standard, it estimated the annualized costs of implementing the rule to be $154 million and the benefits - in the form of 22 lives…