Academics from the University of Cape Town (UCT) are championing the greater use of health taxes on products like tobacco, alcohol, and soft drinks. Experts see these taxes as a powerful dual-purpose tool for African nations. A new report argues that such measures, often referred to as sin taxes, can significantly curb consumption. They can reduce premature deaths and illnesses,…
Tag: Economics
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Pharmaceutical tariffs could hike drug costs by billions
A recent analysis commissioned by the Pharmaceutical Research and Manufacturers of America (PhRMA) indicates that a potential 25% tariff on pharmaceutical imports into the United States could dramatically increase the cost of medications for American patients. The Ernst & Young report estimates that US drug costs could surge by nearly $51 billion annually. This could lead to a price increase…