Home Health Products Health experts propose a red meat tax to recoup $172 billion in health care-costs

Health experts propose a red meat tax to recoup $172 billion in health care-costs

5 min read

Hundreds of billions of dollars could be put toward health-care costs every year if a tax was applied to red and processed meat, Oxford University researchers said Wednesday.

div > div.group > p:first-child”>

A new study from the U.K. university said introducing a health tax on such products would offset health-care costs and prevent more than 220,000 deaths a year globally.

Looking into optimal taxation levels for red and processed meats in nearly 150 countries and regions, researchers concluded that in high-income countries, red meat prices would need to be increased by more than 20 percent, while processed meats would need to more than double in price.

At those levels, the tax would collect $172 billion per year globally, covering 70 percent of the health care costs associated with their consumption. To fully cover those costs, the tax would need to be doubled.

Researchers estimated that in 2020, 2.4 million global deaths will be attributable to the consumption of red and processed meat — as well as a $285 billion health-care bill.

According to the World Health Organization, beef, lamb and pork are carcinogenic when eaten in processed forms, and possibly still carcinogenic when consumed unprocessed. The organization also links them to coronary heart disease, strokes and type 2 diabetes.

As well as offsetting health-care costs, researchers said their proposed tax could lead to a 16 percent decline in the global consumption of processed meat. Reducing the consumption of processed meat would also have a positive effect on climate change by reducing global greenhouse gas emissions by over 100 million tons, it said.

Marco Springmann, who led the study, said an overconsumption of red and processed meat had a negative economic impact on many countries.

“I hope that governments will consider introducing a health levy on red and processed meat as part of a range of measures to make healthy and sustainable decision-making easier for consumers,” he said in a press release Wednesday.

“Nobody wants governments to tell people what they can and can’t eat. However, our findings make it clear that the consumption of red and processed meat has a cost, not just to people’s health and to the planet, but also to the health care systems and the economy.”

Researchers who worked on the study likened their proposed tax to levies on other products that damage consumers’ health, such as tobacco, alcohol and sugar. However, with different laws in different jurisdictions a global meat tax would prove very hard to implement.

In recent years, several nations and states have introduced taxes on sugary soft drinks in an attempt to curb burdens on health systems.

The U.K. introduced a tax on high-sugar soft drinks in 2016, while efforts are being made in California to push through a levy on sugary sodas. While the United Nations has explicitly encouraged the adoption of such taxes, the repealing of a sugar tax in Cook County, Illinois, last year could slow efforts in other cities.

Let’s block ads! (Why?)

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Hyatt Launches Lifestyle Division to Drive Guests & Revenues – Zacks.com

Hyatt Hotels Corporation (H – Free Report) has announced that it launched a division…