Tobacco Cessation: State Economic Benefits

New Mexico Facts

For every dollar New Mexico spends on providing tobacco cessation treatments, it has an average potential return on investment of $1.11.

Smoking costs New Mexico Millions of Dollars Every Year:

 Annual Cost to State
Direct Health Care Expenditures $585,992,769
Workplace Productivity Losses $401,695,479
Premature Death $542,456,066
Total Cost to State Economy $1,530,144,315

Put a different way, the average retail price of a pack of cigarettes in New Mexico is $4.92. But the real price of a pack of cigarettes to society and to the state's economy is $24.00 per pack.

This is money that the state government and consumers could be spending in other places. As states look for ways to reduce costs, helping people quit using tobacco is an important solution.

New Mexico can Save Money by Providing Smoking Cessation Treatments:

 Average Potential Annual Savings
Direct Health Care Expenditures $779,638
Workplace Productivity Losses $1,256,153
Total Average Potential Annual Savings $2,035,791

Helping smokers quit is an important opportunity to not only save lives, but also save New Mexico money.

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