The study examined state per capita health expenditure as a function of current smoking prevalence, average cigarette consumption per smoker and other demographic and economic factors. The analysis is limited to aggregate observational data and cannot provide a causal connection between smoking and healthcare costs, the authors wrote. However, it can at least show a correlation between the two.
The researchers found a 10 percent relative drop in smoking over one year is associated with a $63 billion reduction, in 2012 dollars, in healthcare expenditures the following year. Their findings indicate changes in smoking behavior can almost immediately impact healthcare expenditures.
More articles on finance:
Trinity Health, CHI and Baylor Scott & White freshen up their playbooks to attract investors
5 thoughts on the future patient financial experience from Simplee’s chief growth officer
Cincinnati Children’s to shrink workforce as it cuts $250M in costs
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit