If the proposed air pollution measures were to be implemented, ozone levels in the city's air would be one fifth lower than current levels.
Conclusion
If the proposed air pollution measures are adopted, it will save us about $1 billion in health costs.
Evidence
If the proposed air pollution measures are adopted, ozone levels will be 1/5 what they currently are.
The ozone in our air currently costs us over $5 billion in health costs.
Evaluate
The author is taking 1/5 of the $5+ billion price tag of ozone health costs and assuming that if we reduce ozone by 1/5, then we reduce those costs by 1/5.
But who said it would be a 1:1 ratio of ozone-reduction to cost-reduction? Maybe 80% of our current ozone (1/5 less) is functionally the same as 100% of our current ozone levels.
Perhaps most of the health care costs kick in when even 20% of the current ozone levels are present. Maybe once ozone passes a certain threshold, we rack up health costs, and any additional ozone in the air after that point adds negligible additional costs.
Goal
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