Savings in health care costs alone estimated at almost $350 million a year
The estimated annual cost savings from eliminating smoking in all U.S. subsidized housing would be $521 million, according to a new study from the Centers for Disease Control and Prevention. This is the first study to estimate the costs that could be saved by prohibiting smoking in subsidized housing, including public housing and other rental assistance programs. The bulk of those annual savings – $341 million – would come from reduced health care expenditures related to secondhand smoke. The study also estimates savings of $108 million in annual renovation expenses and $72 million in annual smoking-related fire loses. Read more at CDC.