Harm reduction approaches embrace policies that provide more choices for less harmful alternatives.
The Center for Market Education says switching just 1% of the smoking population to alternative products could potentially result in a yearly saving equivalent to 0.16% of Malaysia’s GDP.
The research findings were among those outlined in a policy paper titled “Harm Reduction, Healthcare Savings and Economic Growth: A Strategy for Malaysia” authored by CME CEO Carmelo Ferlito and research assistant Imran Shamsunahar. Instead, CME said, harm reduction approaches embrace policies that provide more choices for less harmful alternatives.
“Starting with the impact of harm reduction applied to the consumption of nicotine products such as e-cigarettes and heated tobacco products, we estimate healthcare savings of up to RM787.78 million in 10 years, deriving from declines in adult smoking due to switching to less harmful alternatives,” said Imran in the statement.
Looking at the implementation of differential taxation on sugar, it was estimated that a 10% drop in sugary drink consumption will potentially turn into a 0.7% healthcare cost saving with regards to diabetes-related healthcare costs, or RM105million.
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