More than one in fourth Australian children are overweight or obese, and more than two-thirds of all adults. Also, 80 per cent of Australian teenagers who were overweight would stay that way into adulthood. Childhood obesity has been …show more content…
Furthermore, Australia spend $4 billion every year on health care associated with obesity in Australia.
In addition, the study suggests that junk foods taxes and subsidies on foods such as fruits and vegetables can potentially be combined. They would save $3.4billion on healthcare costs with minimal impact on the budget of the household. The junk food taxes have simulated that if a chocolate bar costs about 10 per cent more, ice-cream, with high levels of sugar and fat, would rise about 65 per cent. On the other hand, the cost of a kilogram of apples would fall by 25 per cent. In fact, 13 countries have announced new taxes on junk foods in the past five years.
The simulations suggested the combination of junk foods taxes and subsidy could prevent spending $3.4 billion on healthcare costs. Moreover, the benefits would be greater if the food industry responded by reformulating products to have healthier levels of fats, salt and