Smoking imposes significant financial burdens on individuals in Maryland, ranking the state third-highest in the nation for smoking-related costs, according to a recent WalletHub study.
The study reveals that Maryland smokers face substantial expenses, including the direct cost of purchasing cigarettes, healthcare expenditures due to smoking-related illnesses, income losses from decreased productivity, and other associated costs.
Maryland’s cigarette excise tax stands at $5 per pack, one of the highest in the United States.
This high tax contributes to the overall financial impact on smokers in the state.
In addition to direct costs, smokers in Maryland incur higher healthcare expenses. Smoking-related illnesses require medical treatments, leading to increased out-of-pocket costs and higher insurance premiums.
Income loss is another significant factor. Smokers may experience reduced productivity due to health issues, resulting in lower earnings over their lifetimes.
The WalletHub study aims to highlight the economic impact of smoking to encourage individuals to quit. By understanding these costs, smokers in Maryland can make informed decisions about their health and finances.
