U.S. to increase imports of Comfort Products
The U.K. is to increase its imports of comfortable products such as sleepwear, bedding, and blankets, as part of its efforts to tackle rising global temperatures, according to new research by the Royal College of Nursing and the Royal Society for Public Health.
The Royal College’s report, published in the Royal Journal of Medicine, said that it was “unclear how effective the introduction of new imported goods will be” given the current situation.
The researchers say that, while there is a lack of research on the impact of imported goods on healthcare costs, they do not see the added costs as having a substantial effect on the economy.
In the UK, the increase will come from a new tax that will be levied on imported goods.
The Tax Credits Tax Credit (TCTC) will increase by 5 percent on January 1st, 2019, and is estimated to bring in between £200 million and £300 million in revenue, the Royal Commission on Health and Social Care said in its interim report.
However, the new tax will also affect the costs of imported products, which will see their prices rise due to higher costs.
The TCTC is intended to reduce the amount of government subsidies given to imports, but experts say that it is unlikely to have a large effect on overall healthcare costs in the short term.
Dr. Mark M. Leckie, a lecturer in public health at the University of Manchester, told Breitbart News that it would be “too early to draw any conclusions” about the impact on health care.
The research is the first to link imported products to increased healthcare costs and was based on the Royal Pharmaceutical Society’s annual report, which is not peer reviewed.
The report concluded that: “Imports of medical equipment are likely to be the main source of additional health care expenditure as imports of surgical equipment, diagnostic equipment, equipment for surgical instruments, diagnostic instruments, and other medical devices are increasing”.
Dr. Tom Leck, chairman of the Royal Medical Society’s Health Policy Committee, said the Royal Council for the NHS’s (RMSN) report, “Imported Products, Health Costs and Costs of Disease: A Review of the Evidence,” was “an important report.”
The report, the largest study of its kind on the effect of imported medical equipment, concluded that “the introduction of import controls will increase costs of healthcare” for patients.
Leack noted that the RMSN had warned that the introduction “would lead to higher demand for imported medical supplies and may result in shortages of medical supplies for the public.”
He said that the “health and social cost of imported medicine are likely a result of the high costs associated with importing goods into the UK and from other countries.”
“The increased importation of medical devices and other equipment by the British public may have adverse effects on health,” the report concluded.
It added that: The introduction of a duty on imported medical devices is unlikely.
“The introduction of the import duty could lead to increased demand for medical supplies by the public and would not reduce health care spending.”
The RMSG warned that a new import tax could “lead to increased cost of hospital care” and a reduction in “hospital quality and services.”
Dr. Robert D. Anderson, a consultant in health policy at the London School of Hygiene and Tropical Medicine, told the Royal commission that the new taxes could also have “negative effects” on health.
“We know from the Royal Mail report that the NHS and the social care sector is being hit disproportionately by the introduction or the expansion of the duty,” Anderson said.
“Import duties are already being introduced by some countries, so there are likely other countries which will increase their import duties.”
However, Anderson added that the impact could not be as dramatic as the RCT suggested, and the new import taxes would be unlikely to lead to a reduction of healthcare spending.
He added that a higher duty could have the opposite effect.
“A higher duty would have a negative effect on prices for imported goods,” Anderson noted.
The new tax “may also increase the cost of purchasing medical supplies in the UK.
The burden on the public sector is likely to fall on the private sector as the burden on private health spending is greater, and as the import duties are reduced, the price of medical products may fall,” he said.
The RCT concluded that the tax would “lead a substantial reduction in the cost and quality of hospital services and may lead to significant decreases in the number of hospital beds.”
Dr Michael G. McBride, a senior consultant in public policy at Nottingham Trent University, said: “Importation of expensive medical equipment is likely not to have an adverse effect on health in the long run, but could have a significant effect in the years to come.”
In the long term, we may be seeing some of the consequences of this on the costs associated both with the NHS