Smoking costs a staggering amount of money annually in expenses to American companies:
- $81.9 billion in mortality-related productivity losses
- $75.5 billion in excess medical expenditures
According to the Centers for Disease Control and Prevention, the factors associated with smoking that contribute to increase costs for employers include:
- Absenteeism
- Heath insurance and life insurance costs and claims
- Workers' Compensation payments and occupational health awards
- Accidents and fires (plus related insurance costs)
- Illness and discomfort among nonsmokers exposed to Environmental Tobacco Smoke (ETS)
- Penalties associated with noncompliance for community / state ordinances