Male   Female
  • WHO urges countries to raise tobacco tax
  • June 4, 2014
  • WHO urges countries to raise tobacco taxBy Emily Miller

    On May 31, the World Health Organization (WHO) celebrated “World No Tobacco Day” by releasing a statement urging countries to raise taxes on tobacco products to help prevent and even stop users from smoking.

    WHO estimated that if countries were to increase tobacco taxes by 50 percent, all participating countries would be able to reduce the number of smokers by 49 million within the next three years, ultimately saving 11 million lives.

    Today, every six seconds someone dies from tobacco use, which equals out to killing about half of its users.

    However, tobacco does not just affect the user but also has considerable financial effects on families, businesses and governments. Treating tobacco-related diseases – such as cancer and heart disease – is expensive for both the user and their insurance providers.

    In order for users to obtain both health and life insurance, these companies will have to rate them up for their dangerous habits as smoking could lead to premature death.

    “Raising taxes on tobacco is the most effective way to reduce use and save lives,” Dr. Margaret Chan, WHO Director-General, said in a news release. “Determined action on tobacco tax policy hits the industry where it hurts.”

    Raising the tax on tobacco products will accomplish three overarching concepts that will both prevent and stop users from smoking, according to WHO:

    Good for Economic Growth

    Officials at WHO calculated the potential benefit if every country increased tobacco tax by 50 percent per pack and discovered that governments would earn an extra US billion dollars in global revenue.

    For example, countries such as France and the Philippines have already seen the benefits of imposing high tobacco taxes.

    “These additional funds could – and should  – beed to advance health and other social programs,” said Dr. Douglas Bettcher in a news release, Director of the Department of Prevention of Non-communicable Diseases at WHO. ed

    Tobacco Taxes are a Core Element of Tobacco Control

    Because tobacco use is the world’s leading preventable cause of death, cutting down the number of users is the most effective way to save lives. WHO notes that if no immediate action is taken, tobacco will kill more than eight million people every year by 2030.

    Benefits young and poor users the most

    Increased taxes are extremely effective in discouraging young, less well-off users from purchasing these products, as they have a limited disposable income.

    “Price increases are two to three times more effective in reducing tobacco use among young people than among older adults,”said Bettcher.

  • Category: Articles Library, Industry News, Medical News

Leave a Reply

Archives

About

Consumer Insurance Guide SM provides a wide selection of originally-authored articles and expert advice targeted to the self-directed insurance shopper. Our mission is to provide consumers with useful, money-saving information on all things having to do with making sound insurance purchase decisions.

Consumer Insurance Guide SM is owned by Life Quotes, Inc. 8205 South Cass Avenue, Darien, IL. For editorial, content feeds, advertising and lead purchase opportunities, contact Robert Bland at bob@lifequotes.com.

Originally founded in 1984 as Quotesmith Corporation, Life Quotes, Inc. owns and operates www.consumerinsuranceguide.com and www.lifequotes.com, two online consumer insurance information services that cater to the needs of self-directed personal and corporate insurance shoppers.

About Us  |   Contact Us  |   Press Releases  |   The Best Privacy Policy  |   Life Insurance  |   Careers
For Agents & Brokers  |   Site Map  |  


Copyright ©1984-2015 Life Quotes, Inc., 8205 South Cass Avenue, Suite 102, Darien, Illinois. Life Quotes, Inc. and certain of its personnel are licensed as insurance agents, brokers or producers in all states. CA agent #0A13858, LA agent #200696, MA agent #333509159. dba Life Quotes Insurance Services in CA under agent #0827712, in LA under agent #205078. dba Life Quotes Insurance Services, Inc. in UT under agent #90093. All rights reserved. Telephone (630) 515-0170. Founded 1984.
10.1.1.86