The proposal demands at least a 50% actual price rise on the three selected products by 2035, accomplished via increased excise or health taxes
The planet is confronted with an urgent issue of non-communicable diseases (NCDs) like heart disease, cancer, and diabetes, which now represent more than 75% of worldwide fatalities.
At the same time, decreasing development assistance and increasing public debt have pressured health systems, particularly in low- and middle-income nations.
Research indicates that a single 50% increase in price could avert up to 50 million early fatalities in the next half-century and generate USD 1 trillion in government revenue within the next ten years.
Between 2012 and 2022, almost 140 nations increased tobacco taxes, resulting in an average real price increase of over 50%, indicating that significant change can occur.
What constitutes a Health Tax?
A health tax is a charge placed on items that adversely affect public health—mainly tobacco, alcohol, and sugary beverages. The two aims are to:
Minimize the use of these detrimental items.
Create income for public health, educational, and social welfare initiatives.
Goals and Anticipated Effects
Decrease NCD Impact: Minimize intake of detrimental products to avert millions of early fatalities.
In Columbia, increasing the cigarette tax resulted in a 34% decrease in consumption.
Mobilize Revenue: Create an extra US$ 1 trillion worldwide in the coming ten years.
Enhance Health Systems: Support universal health coverage, preventive care, and healthcare infrastructure.
SDG 3: Guarantee healthy lives and enhance well-being for all age groups, with goals to lower NCD mortality by one-third by 2030.
Issues and Factors to Consider
Industry Resistance: Intense lobbying from tobacco and beverage sectors; postponements and weakening of policies.
Concerns of Regressive Tax: Potential for unequal effects on low-income populations unless combined with financial aid.
Income Fluctuation: Reduced consumption could impact the stability of revenue over the long term.
Tax Exemptions: Prolonged sector contracts may limit tax hikes and undermine public health.
The Way Ahead
A paradigm shift is being signalled by the "3 by 35" Initiative, which places health taxes at the core of sustainable development and public health plans. The way forward for nations entails:
Mother tongue gaining ground in early education, says Edu minister Dharmendra Pradhan
Kargil hero's family hounded in Pune: Mob demands papers, cops detain kin
Himachal shuts 100 government schools due to low student enrollment
Bennett University signs MoU with Cambridge’s Girton College
₹11 crore cash, liquor seized near Hyderabad in Andhra liquor scam probe
Trump threatens 25% tariffs on Indian imports as trade talks stall
Earthquake of the decade: 8.8 magnitude quake strikes Russia’s Far East, triggers Pacific-wide Tsunami alerts
India safe as powerful 8.8 quake rocks Russia’s far east, sparks Tsunami fears across Pacific
Pacific on alert after Russia’s 8.8-magnitude quake sparks tsunami warnings from Japan to California
Today, practical skills are not just desirable—they’re absolutely essential for engineers: Dr Vikas Upadhyaya
Mother tongue gaining ground in early education, says Edu minister Dharmendra Pradhan
Kargil hero's family hounded in Pune: Mob demands papers, cops detain kin
Himachal shuts 100 government schools due to low student enrollment
Bennett University signs MoU with Cambridge’s Girton College
₹11 crore cash, liquor seized near Hyderabad in Andhra liquor scam probe
Trump threatens 25% tariffs on Indian imports as trade talks stall
Earthquake of the decade: 8.8 magnitude quake strikes Russia’s Far East, triggers Pacific-wide Tsunami alerts
India safe as powerful 8.8 quake rocks Russia’s far east, sparks Tsunami fears across Pacific
Pacific on alert after Russia’s 8.8-magnitude quake sparks tsunami warnings from Japan to California
Today, practical skills are not just desirable—they’re absolutely essential for engineers: Dr Vikas Upadhyaya
Copyright© educationpost.in 2024 All Rights Reserved.
Designed and Developed by @Pyndertech