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Evaluating the tobacco settlement damage awards: Too much or not enough?

Author

Listed:
  • Coller, M.
  • Harrison, G.W.
  • McInnes, M.M.

Abstract

Objectives. This study compared the present economic value of the 1998 tobacco settlement with the present economic value of the damages attributable to tobacco. Methods. The 1987 National Medical Expenditure Survey was used to estimate the smoking attributable fraction (SAF) of medical expenditures. SAFs were then applied to Medicaid and other expenditures. Results. Settlement payments covered only 40% of Medicaid treatment costs already incurred and only 30% of past and projected future Medicaid costs. Excess medical expenditures for all other payment sources were roughly comparable to those incurred by Medicaid. Conclusions. Although the settlement may reduce future smoking prevalence rates by limiting the ability of tobacco companies to promote smoking and by raising cigarette prices, euphoria over the huge settlement funds should be balanced by a sober comparison with the even larger damage amounts.

Suggested Citation

  • Coller, M. & Harrison, G.W. & McInnes, M.M., 2002. "Evaluating the tobacco settlement damage awards: Too much or not enough?," American Journal of Public Health, American Public Health Association, vol. 92(6), pages 984-989.
    • Handle: RePEc:aph:ajpbhl:2002:92:6:984-989_8
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    Cited by:

    1. Allison Larg & John Moss, 2011. "Cost-of-Illness Studies," PharmacoEconomics, Springer, vol. 29(8), pages 653-671, August.
    2. Craig E. Landry & Andreas Lange & John A. List & Michael K. Price & Nicholas G. Rupp, 2006. "Toward an Understanding of the Economics of Charity: Evidence from a Field Experiment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 121(2), pages 747-782.
    3. Eric Johnson & Melayne Morgan McInnes & Judith A. Shinogle, 2006. "What is the Economic Cost of Overweight Children?," Eastern Economic Journal, Eastern Economic Association, vol. 32(1), pages 171-187, Winter.
    4. Botelho, Anabela & Harrison, Glenn W. & Pinto, Lígia M. Costa & Rutström, Elisabet E., 2009. "Testing static game theory with dynamic experiments: A case study of public goods," Games and Economic Behavior, Elsevier, vol. 67(1), pages 253-265.3, September.
    5. Glenn W. Harrison & Andre Hofmeyr & Don Ross & J. Todd Swarthout, 2018. "Risk Preferences, Time Preferences, and Smoking Behavior," Southern Economic Journal, John Wiley & Sons, vol. 85(2), pages 313-348, October.
    6. Harrison, Glenn W. & Lau, Morten I. & Rutström, E. Elisabet, 2010. "Individual discount rates and smoking: Evidence from a field experiment in Denmark," Journal of Health Economics, Elsevier, vol. 29(5), pages 708-717, September.
    7. Glenn W. Harrison, 2017. "Behavioral responses to surveys about nicotine dependence," Health Economics, John Wiley & Sons, Ltd., vol. 26(S3), pages 114-123, December.
    8. Veiga, Paula, 2008. "Out-of-pocket health care expenditures due to excess of body weight in Portugal," Economics & Human Biology, Elsevier, vol. 6(1), pages 127-142, March.

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