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Study: Tobacco Tax Hike could Save 200 Million Lives

Tripling tobacco taxes could save up to 200 million lives, according to new research published January 1 in the New England Journal of Medicine. "The international tobacco industry makes about $50 billion in profits each year – that’s a profit of approximately $10,000 per death from smoking," said Richard Peto an epidemiologist at Cancer Research UK and co-author of the study. Raising the tax, the study said, would lower the price gap between the most and least expensive...

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