MONTHLY BAROMETER - WELLNESS EDITION
By Thierry Malleret, economist
Mike Bloomberg, businessman and former NYC Mayor, and Larry Summers, former Secretary of the U.S. Treasury and Director of the National Economic Council, recently formed The Task Force on Fiscal Policy for Health—a global project that should prove a major boost for obesity (and other wellness) taxes across the globe and very good news for the wellness world.
It will bring together prominent policy-makers and health leaders from all over the world to address the growing health and economic issues of non-communicable (largely preventable, chronic) diseases with fiscal policy tools that are currently underutilized by governments and their leaders. It will examine the evidence on excise tax policy for health, including barriers to implementation, and make recommendations on how countries can best leverage fiscal policies to yield improved health outcomes for their citizens with the added benefit of bringing in additional revenue.
In short, it should mean a major boost for obesity taxes across the globe and very good news for wellness!