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Robert F. Graboyes's avatar

Here's a serious point about the economics of healthcare made by way of a bit of dark humor. In lectures, I've made the point (as have others) that the most effective means of reducing healthcare spending is to persuade as many people as possible to smoke--starting them at a very young age, if possible. This is because smokers tend to die before the really expensive illnesses of old age set in, and smoking-related illnesses have a habit of killing rather quickly, so there's no time to incur lengthy bouts of healthcare spending. Of course, some people defy these norms, but on average, it's largely correct.

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