pam 4380 april_15_2011 - Litigation 4/15/2011 Master...

Info iconThis preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Litigation 4/15/2011 Master Settlement Agreement Impact of settlement payments Political theory Obesity litigation (next week) Homework #6 due Monday Prelim #2 Friday, 4/22 Covers information, taxation, litigation MSA Impacts Sources for next few slides: Robert Wood Johnson Foundation, A Decade of Broken Promises Gross, et al. New England Journal of Medicine , October 3, 2002 Settlement Payments Fiscal Year 2000 FY 2009 the States: Received $79.2 billion in settlement payments Collected $124.3 billion in tobacco tax revenues Spent $6.5 billion on tobacco prevention & cessation programs American Legacy Foundation reduced expenditures on its truth campaign 200 400 600 800 1000 1 2 3 4 5 5 10 15 20 25 30 35 40 1980 1985 1990 1995 2000 2005 2010 Youth smoking rate Adult smoking rate Cigarette price ($/pack) TCP expenditures (millions) Truth expenditures (millions) Smoking rates, cigarette prices, TCP expenditures, and Truth expenditures, 1980-2007 Securitization With securitization, a state sells a bond that is typically backed by the future stream of income that is due to the state through the MSA. The state gets a lump-sum payment when the bond is sold and promises to pay the "loan" back over time. By securitizing, or issuing a bond, the state trades a potentially risky future stream of payments for a certain lump-sum payment. Funds raised by issuing a bond can be spent in current budgets on tobacco control or other uses, used for deficit reduction, placed in a dedicated trust, used for capital expenses, or used otherwise. Source: Sindelar & Falba, Health Affairs 23, no. 5 (2004): 188-193. Settlement Payments:...
View Full Document

This note was uploaded on 04/28/2011 for the course PAM 4380 taught by Professor Kenkel during the Spring '08 term at Cornell University (Engineering School).

Page1 / 20

pam 4380 april_15_2011 - Litigation 4/15/2011 Master...

This preview shows document pages 1 - 9. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online