The World Health Organisation (WHO) on Wednesday at the UN’s pivotal sustainable development conference in Sevilla, advocated a rise in prices of risky Health Products to save more lives.
The UN health agency unveiled a new drive to help countries tackle chronic disease and raise vital funds by increasing taxes on tobacco, alcohol, and sugary drinks.
The new drive, known as the ‘3 by 35’ Initiative, urged governments to boost the real prices of these products by at least 50 per cent by 2035.
According to Dr Jeremy Farrar, WHO Assistant Director-General, health taxes are one of the most efficient tools we have.
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“They cut the consumption of harmful products and create revenue governments can reinvest in health care, education, and social protection.”
Farrar noted that noncommunicable diseases like heart disease, cancer and diabetes now accounted for more than three-quarters of all deaths worldwide, according.
He said a one-time 50 per cent price rise could prevent 50 million pre-mature deaths over the next 50 years, while generating one trillion dollars in public revenue, noting that between 2012 and 2022, nearly 140 countries raised tobacco taxes.
He added that the past raises in tobacco taxes was a proof that such change is both possible and effective.
