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    Smokers Are Good For The Economy

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    ghendud
    Smokers may actually save governments and society money through earlier death. While anti-smoking advocates argue that smokers burden public healthcare systems, research shows smokers die approximately 15 years earlier than non-smokers. This means smokers consume far less lifetime healthcare than non-smokers. In fact, the taxes and duties collected from cigarette sales outweigh any extra healthcare costs generated by smokers.

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    Smokers Are Good For The Economy

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    ghendud
    624 views1 page
    Smokers may actually save governments and society money through earlier death. While anti-smoking advocates argue that smokers burden public healthcare systems, research shows smokers die approximately 15 years earlier than non-smokers. This means smokers consume far less lifetime healthcare than non-smokers. In fact, the taxes and duties collected from cigarette sales outweigh any extra healthcare costs generated by smokers.

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    Smokers Are Good for the Economy

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    Smokers may actually save governments and society money through earlier death. While anti-smoking advocates argue that smokers burden public healthcare systems, research shows smokers die approximately 15 years earlier than non-smokers. This means smokers consume far less lifetime healthcare than non-smokers. In fact, the taxes and duties collected from cigarette sales outweigh any extra healthcare costs generated by smokers.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    624 views1 page

    Smokers Are Good For The Economy

    Uploaded by

    ghendud
    Smokers may actually save governments and society money through earlier death. While anti-smoking advocates argue that smokers burden public healthcare systems, research shows smokers die approximately 15 years earlier than non-smokers. This means smokers consume far less lifetime healthcare than non-smokers. In fact, the taxes and duties collected from cigarette sales outweigh any extra healthcare costs generated by smokers.

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    Smokers are good for the economy-really

    Antismoking advocates cheered in the summary of 1997 when the U.S tobacco
    industry agreed to pay out more than US 368.5 biliion to settle lawsuits brought by
    forty states seeking compensation for cigarette-related medicaid cost. Mississippi
    attorney general mike moore, who helped organize the states legal campaign,
    called the pact “ the most historic public health achievement in hostory?”. But were
    the states right to do what they did?

    The fundamental premise of lawsuits, and other anti-tobacco initiatives, is that


    smokers and hence, tobacco companies place an added tax on all of us by heaping
    extra costs onto public health care system. The argument is that those, and other
    social costs, outweigh the billions in duty and tax revenue that our goverments
    collect from cigarette distribution. But a basic actuarial analysis of that premise
    suggests that quite the opposite is true. As ghoulish as it may sound, smokers save
    the rest of us money because they die sooner and consume far less in health care
    and in benefits such as pensions. The extra costs they do generate are far
    outweighed by the the subsidies they pay each time they plunk down their money
    for a pack of cigarettes.

    First of all, let’s look at life expectancy consistently over the past decade. In 1994
    testimony before the U.S. senate Finance Committee, the U.S Office of Technology
    Assessment showed that the average smoker dies fifteen years earlier than a
    nonsmokers because they die about a decade earlier. The longer a person lives, the
    more it costs to treat him or her, especially since the vast majority of health care
    costs occur in the last few years of life.

    One of the paradoxes of modern medicine is that advances in treatments that


    extend lives have actually increased lifetime heakth care costs. People who would
    have died from an acute illness during their working life in the past are now
    enjoying lengthy retirements, and suffering various debilitating diseases that
    require high-cost medical intervention. According to an expert, richard lamm, who is
    now director of the center for public policy and contemporary issues at the
    university of denver, the average nonsmoker is treated for seven major illnesses
    during his or her lifetime. The average smoker survives only two major illnesses. So
    how much more do nonsmokers add to the national health care bill than smokes?
    One of the best studies is by duke university economist kip viscusi, who conducted
    an exhaustive comparative analysis in 1994 for a conference on tax policy hosted
    by the national bereau of economic research in washington, DC.

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