(2) leads to fewer deaths overall than (1). (1) gives better quality of life to the healthy than (2). (3) leads to fewer deaths than (1) or (2), but it requires political will. If you can pull it off, (3) is what you want. That's a big "if" though.

As a healthy person, I personally would have been better off under (1). However, I think the economic and emotional damage of that number of deaths would have been too much for society as a whole.