Task Force on Fiscal Policy for Health

In April 2019, the Task Force on Fiscal Policy for Health released the “Health Taxes to Save Lives” report, calling on all countries to significantly raise their excise taxes on tobacco, alcohol and sugary beverages. An analysis conducted for the Task Force estimated that over 50 million premature deaths could be prevented if countries implemented excise tax increases large enough to raise product prices of tobacco, alcohol and sugary beverages by 50 percent over the next 50 years. The Task Force-commissioned analysis found that the impact of these taxes, projected to yield over US$20 trillion in revenue, would be highest in low- and middle-income countries, where consumption and associated healthcare costs and productivity losses are growing.

After reviewing the evidence, the Task Force concluded that few interventions have the power to save as many lives as raising tobacco, alcohol and sugary beverage taxes. And, while secondary to the health gains, the additional revenue that can be obtained from such tax increases is substantial.

On Twitter

The Task Force on Fiscal Policy for Health, co-chaired by @MikeBloomberg + @LHSummers, calls on countries to act now to raise taxes on tobacco, alcohol and sugary beverages and save lives.

Bloomberg quote - tax things that are killing us

Leading experts in finance and development call for raising tobacco, alcohol and sugary beverage taxes to improve population health.

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The Task Force on Fiscal Policy for Health was created to address the growing burden of #NCDs. A new analysis shows we could prevent 50M premature deaths over 50 years if countries implemented taxes to raise prices of tobacco, alcohol + sugary beverages by 50%.

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The Task Force on Fiscal Policy for Health, co-chaired by @WHO Global Ambassador @MikeBloomberg and Former U.S. Treasury Secretary @LHSummers, has released a new report on how countries can prevent #NCDs by implementing taxes on tobacco, alcohol + sugary beverages.

What we could accomplish in the next 50 years

Leaders in health, finance and development conclude excise taxes are an underutilized tool to save lives. They call on countries to significantly raise taxes on tobacco, alcohol and sugary beverages. URL: https://www.bloomberg.org/program/public-health/task-force-fiscal-policy-health/#overview

New report by Task Force on Fiscal Policy for Health concludes implementing excise taxes on products that harm health is key to achieving the SDGs. URL: https://www.bloomberg.org/program/public-health/task-force-fiscal-policy-health/#overview

A new analysis commissioned by the Task Force on Fiscal Policy for Health, co-chaired by @MikeBloomberg + @LHSummers, shows that raising #tobacco taxes could reduce more deaths from #NCDs than any other health policy, preventing 27M deaths over 50 yrs: 

What we need to do

From LinkedIn

The Task Force on Fiscal Policy for Health, co-chaired by @Mike Bloomberg and @Lawrence H. Summers, call on countries to significantly raise tobacco, alcohol and sugary beverage taxes to save lives. Low- and middle-income countries will reap the largest benefits. URL: https://www.bloomberg.org/program/public-health/task-force-fiscal-policy-health/#overview

Implementing excise taxes on products that harm health is a test of government resolve. The Task Force on Fiscal Policy for Health calls on countries to significantly raise taxes on tobacco, alcohol and sugary beverages to save lives.  Countries can save lives

The Task Force on Fiscal Policy for Health, co-chaired by @World Health Organization (WHO) Global Ambassador @Mike Bloomberg and Former U.S. Treasury SecretSecretary @Lawrence H. Summers, has released a new report on how countries can prevent NCDs by implementing taxes on tobacco, alcohol + sugary beverages.

how to save lives through taxes