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Cigarette smoking carries high financial cost too
The health costs of cigarette smoking are well known. They start with lung cancer and heart disease. But smoking also imposes a stiff financial toll in the health care costs required to treat smoking related diseases. A team of researchers, including some from the Centers for Disease Control and Prevention (CDC), puts the cost at about $170 billion a year. And if you pay taxes, you’re paying a significant portion of that cost. A comprehensive study of smoking related costs puts the taxpayer share of the $170 billion at 60%, since many of the people seeking treatment are on Medicare and Medicaid….Read More